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PUBLIC DOCUMENT No. 9. 



TWENTY-SECOND 



ANNUAL REPORT 



OF THE 



Insurance Commissioner 



OF THE 



Commonforaltlj of ^iuBBut^xxutts, 



Januaet 1, 1877. 



y 



Part II 
Life and Accident Insurance. 




BOSTON: 

ALBERT J. WRIGHT, STATE PRINTER, 
79 Milk Street (corner of Federal). 

1877. 






STATE H#U*E, BOZi 







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TABLE OF CONTENTS 



[For Index to. Companies, see end of Volume.] 



COMMISSIONERS' REPORT. 

Page 

Introductory, t 

Companies withdrawn, v-vii 

Business of 1876, vii-viii 

Statistical Tables, Summary of Contents of, viii 

Table A — Summary of Income, Expenditures, Assets, Liabilities, etc., . xiv 

Table B — Ratio of Net Assets to Computed Premium Reserve, . . . xvii 

Table C — Ratio of Premium Notes and Loans to Premium Reserve, . xix 

Table D — Ratio of Real Estate and other Investments to Gross Assets, . xxi 

Table E — Policies Issued, Terminated and Gained in 1876, . . . xxiv 

Table F — Claims by Death in 1876, with Ratios, etc., xxvii 

Table G — Ratio of Expenses to Mean Amount Insured, .... xxx 

Table H — Massachusetts Business, 1876, xxxiii 

Charter Oak Life Insurance Company, viii 

Status of Affairs at Date of Report, ix 

The Situation, ix 

Causes of the Depression in Business, ...... x 

Extravagance in Management, etc., x 

What the People generally require, xi 

DETAILED STATEMENTS. 

Massachusetts Life Insurance Companies, 2-25 

Life Insurance Companies of other States, 28-142 

Accident Insurance Companies of other States, .... 144-148 
Life and Accident Companies of other States, with amount of busi- 
ness done by each, 150-156 

List of Agents and Sub-Agents authorized to act for Life and Accident 

Companies, 158-163 



TWENTY-SECOND ANNUAL EEPOET 



OF THE 



INSURANCE COMMISSIONER, 



PART II. 

LIFE AND ACCIDENT INSURANCE. 



To the Honorable the Senate and House of Representatives. 

The Commissioner respectfully presents Part II. of the 
Twenty-Second Annual Report of the Insurance Department. 

The number of Life Insurance Companies doing business 
in this State at the date of the publication of this Report is 
thirty-five. Of these, six are home Companies, and twenty- 
nine Companies of other States. The statements of the 
Railway Passengers' Assurance Company, and the Accident 
Department of the Travelers' Insurance Company of Connecti- 
cut, are published in this Report. The Hartford Accident 
Company closed its business in November last, its risks 
having been re-insured in the Travelers' Insurance Company, 
as provided by the laws of the State of Connecticut. 

Since the publication of the last Report seven Life Insur- 
ance Companies have ceased transacting business in this 
State. 

The Continental of New York was placed in the hands of 
a Receiver, October 25, 1876, upon petition of one of its 
stockholders. This action was evidently taken to avoid a 
pending examination, which would have undoubtedly led to 
the same result, and it was immediately resisted by the 
Superintendent of the Insurance Department of New York, 



vi EEPORT OF THE 

upon the ground that the State alone had power to institute 
such proceedings. This position having been sustained by 
the Court (Judge Westbrook-), the dissolution of the Com- 
pany was declared upon the petition of the Attorney-General, 
and John P. O'Neill of New York appointed Receiver, to 
whom all claims should be presented before September 1, 
1877. 

The Security Life Insurance and Annuity Company of New 
York was placed in the hands of a Receiver, December 14, 
1876, an examination by the Insurance Department having 
developed its rottenness. This examination also developed 
the fact that an affirmation, made with the head covered, may 
be as untrue as an oath in the usual form is sometimes found 
to be. W. H. Wickham of New York is Receiver of this 
Company, and all claims should be presented to him previous 
to September 3, 1877. 

The authority of the New Jersey Mutual Life Insurance 
Company to transact business in this State was revoked 
January 19, 1877, in consequence of information received 
from the Insurance Commissioner of New Jersey, who was 
then making an examination of its affairs. The Company 
was declared insolvent, February 8, 1877, and ex-Governor 
Joel Parker appointed Receiver. 

The Atlantic Mutual Life Insurance Company of Albany, 
N. Y., withdrew from this State, November 28, 1876, assign- 
ing as a reason, "the decision rendered by the Supreme 
Court, that the non-forfeiture law of Massachusetts applies as 
well to foreign Companies doing business in that State, as to 
those incorporated under its laws." This Company has since 
been examined by the Superintendent of the Insurance De-. 
partment of New York, and we learn from his report that a 
considerable deficiency was found in the assets. Legal pro- 
ceedings having been instituted, the Court has ordered that 
the sum of $50,000 be paid in by the stockholders, to restore 
the Company to a solvent condition. This order will probably 
be complied with, but in airy event the policy-holders will not 
be likely to sustain any considerable loss. 

The managers of the Life Association of America of St. 
Louis, Missouri, notified this Department early in the year 
that they should not ask for a renewal of their license until 



INSURANCE COMMISSIONER. vii 

an examination of the affairs of that institution, which was 
then pending, had been made and the results known. In the 
examination which followed, this Department participated, 
and it was found that although the Company was solvent 
under the standard of its own State, it was deficient under 
the higher standard adopted by this State. 

The licenses of the agents of the American Popular Life 
Insurance Company of New York expiring March 31, 1877, 
were not renewed, as an examination of the affairs of that 
Company- was then in progress. By this examination the 
Company was found to be in an unsound condition, and it 
has since passed into the hands of a Receiver. As an expo- 
nent of a system of Biometry, by which it was claimed that 
insurance could be furnished upon the best grade of lives at 
an exceedingly low rate, this Company attained considerable 
notoriety, and its failure brings up an interesting question as 
to the claims of its policy-holders. As the business of life 
insurance is generally conducted, the insured pays as premium 
a sum sufficient to meet the cost of the insurance and furnish 
the reserve as required by certain tables of mortality and rates 
of interest, with a margin for expenses ; but in this Company, 
owing to the system of rating down the ages, the premium 
received in many cases barely paid the cost of the insurance 
alone. The question to be determined is, Has a policy-holder 
any claim upon a reserve to which he has not contributed, or 
can his claim exceed the amount of his contribution to such 
reserve ? 

The licenses of the agents of the Universal Life Insurance 
Company of New York were not renewed this year, the 
Company being under examination at the time of their expira- 
tion. The results of this examination being unfavorable, the 
Superintendent of the Insurance Department of New York 
has applied, by the Attorney-General, for a dissolution of the 
Company. From circulars issued by the managers, it is 
evident that this application will be vigorously resisted. 

Business of 1876. 
Following the text may be found the usual Statistical 
Tables, which exhibit, in condensed form, the business of 
the year. 



viii KEPORT OF THE 

Table A gives the income, expenditures, assets, liabilities 
and balances of the several Companies, December 31, 1876. 
This exhibit, as a whole, is favorable. Our home Companies 
have added $398,567 to their net surplus, and increased the 
ratio of assets to liabilities from 114.02 in 1875 to 115.31 in 
1876. Companies of other States have added $976,416 to 
their net surplus ; the ratio of assets to liabilities in these 
Companies is unchanged. But for an unusual shrinkage of 
assets, amounting to several millions of dollars, the Companies 
would have been able to make exceptionally good financial 
statements. 

Table B gives the ratio of net assets to computed premium 
reserve. With our home Companies this ratio is steadily 
increasing, being 112.90 for 1876, against 111.38 for 1875. 

Table C gives the ratio of premium notes to premium 
reserve, and shows by corresponding ratios for a term of 
years the progress of the Companies towards a cash business. 

Table D classifies the assets of the Companies, and exhibits 
the ratio of each group to the gross assets. 

Table E gives the policies issued, terminated and gained 
during the year, with number and amount of policies in force 
December 31, 1876. A few of the Companies show a gain in 
number of policies and amount of insurance, but the aggregate 
loss is, in policies, 5,032; in insurance, $45,868,410. Of 
the insurance terminated during the year, the death losses 
are about $22,000,000, and matured endowments about 
$3,000,000. 

Table F gives the claims by death during the year, with 
ratios for several years of losses to mean amount insured. 

Table G gives the ratio of expenses to the mean amount 
insured, with corresponding ratios for a term of years. 

Table H exhibits the new business of the year in this 
State, in comparison with the business of 1875. 

The Charter Oak Life Insurance Company. 
The financial condition of this Company, as exhibited by a 
critical examination recently made, is such as to require the 
Commissioner to notify its officers and agents to discontinue 
the issuing of new policies in this State until such time as 
its funds have become equal to its liabilities, valuing its poli- 



INSURANCE COMMISSIONER. ix 

cies by the standard adopted by this State. That this Com- 
pany had been seriously injured by reckless mismanagement 
has long been known to its policy-holders and others. That 
the blow was severe was conceded, but that it was fatal was 
not admitted, nor will it be until every legitimate effort to 
remove its effects has failed. The failure of a Life Insurance 
Company at any time is a great disaster, but in times like the 
present the consequences of such a failure are aggravated 
manifold. The details of the status of the affairs of the 
Charter Oak having been widely disseminated by the daily 
press, it is not considered necessary that they should be 
incorporated in this Report. Under the new management the 
interests of the policy-holders will be protected by men of 
integrity and ability. The name of ex-Governor Jewell alone 
is a sufficient guarantee that the transactions of the Company 
will be conducted hereafter upon business principles. What 
the Charter Oak required in this crisis was, not "insurance 
talent," so called, — that is, ability to secure new business, — but 
clear-headed business men, — men capable of turning the assets 
of the Company to the best advantage, and men in whom the 
public have implicit confidence. These it now has, and there 
are good grounds for the belief that the Company will, under 
their management, be restored to a condition of solvency 
equal to the highest standard of any of the States. 

Not long ago a Life Insurance Company of this State was, by 
bad management, brought to the verge of disaster. Arbitrary 
action on the part of the Department might have caused its 
ruin, but such action was not taken ; on the contrary, every 
proper exertion was made to save it. The new officers and 
directors put their shoulders to the wheel, and the institution 
was placed upon solid ground again. Since this crisis in its 
affairs this Company has paid nearly four hundred thousand 
dollars to widows and orphans. It is to-day strong and 
vigorous. Such we hope will be the history of the Charter 
Oak. Such it will be, if human efforts can accomplish it. 

The Situation. 
That the business of Life Insurance is in a depressed con- 
dition is evident from the statistics embodied in this Report. 
Much has been written of a theoretical character accounting 



x Report of the 

for this state of things, but the real causes for the decadence 
of the business are practical rather than theoretical. The 
priucipal cause is the change in the financial circumstances of 
the people generally. During the " flush " times which fol- 
lowed the war of the rebellion, obligations, in the form of 
premiums upon policies of life insurance, were assumed 
which have since become burdens too heavy to be borne. 
Hence, an enormous number of lapses and demands for 
paid-up policies. Another cause is the extravagant manner 
in which the business, as a whole, has been conducted. The 
expenses of thirty-four Companies doing business in this 
State the past year were nearly twelve millions of dollars, — 
more than half as much as the entire amount paid for death 
losses. This is all wrong. No business can flourish under 
such a burden. If life insurance is to prosper, the same 
spirit of economy which now prevails in other branches of 
business must be adopted by its managers. Not the least of 
these causes is the great disappointment which policy-holders 
have experienced in consequence of the failure of Companies 
to fulfil the promises and representations made by agents at 
the time the insurance was effected. Just here appears one 
of the prominent evils of the premium-note system. Every 
proposition to take a note for a portion of the premium car- 
ries with it a promise, expressed or implied, or both, that the 
same shall be cancelled by future dividends. The recent 
developments of fraud and incompetency have somewhat 
impaired the confidence of the public, but this will soon be 
restored. The critical investigations begun last fall have 
developed some weakness, but much more strength. When 
these investigations are completed, which will probably be 
this year, it will be found that most of the Companies are 
strong and trustworthy, that the failures have not been in 
excess of those in other branches of business, and that such 
failures as have occurred have not been caused by any defect 
in the theory of life insurance, but are the results of fraud 
and bad management. 

The business of life insurance is not dead, nor dying. It 
is yet in its infancy. That the people want life insurance is 
demonstrated by the multitude of co-operative associations 
now in existence, and springing up daily. From inherent 



INSURANCE COMMISSIONER. xi 

defects this system can have but a brief existence, and the 
field is open to enterprising, legitimate Companies which 
realize the situation. Life insurance must be furnished at a 
price within the means of the people. In prosperous times 
merchants and business men generally can carry large policies 
upon the ordinary life and endowment plans, but it is only 
during such times that these classes of insurance can be 
extensively worked. In times like the present, the people 
want term insurance, with the privilege of paying the premi- 
ums in monthly instalments. Men of limited income, who 
might find it difficult or impossible to pay the whole yearly 
premium in one sum, would be able to meet the compara- 
tively small monthly payments without inconvenience. If 
agents will not work term insurance because the commissions 
are so small, let some other plan be devised for presenting it 
to the people. Co-operative insurance will for a while be an 
obstacle, but there can be but one result of a contest between 
the two systems. As before stated, the people want life 
insurance, and when it is offered in varied forms adapted to 
the means of all classes, we may be assured of the prosperity 
and perpetuity of this beneficent institution. 

Respectfully submitted. 

S. H. RHODES, 

Insurance Commissioner. 



STATISTICAL TABULATIONS 



XIV 



REPORT OF THE 



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INSURANCE COMMISSIONER. xv 



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cm" 














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Surplus 
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31, 18 


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r-l 

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• 


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CO 


^ 




1— 1 

















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• 


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a ■ 



INSURANCE COMMISSIONER. 



xvn 



Table B. — Ratio of Net Assets to Computed Premium Reserve, 

December 31. 1876. 





Net Assets or Ac- 
tual Premium 
Eeserve. 


Net Present Val. 
of Policies or 
Computed Pre- 
mium Eeserve. 


Ratio in 
1876. 


Cokresp'g Ratios. 


NAME OF COMPANY. 


1875. 


1874. 


Massachusetts Cos. 












Berkshire, 


$3,174,022 


$2,852,107 


111.29 


110.92 


110.27 


John Hancock, . 


2,759,814 


2,520,170 


109.51 


106.06 


100.74 


Mass. Mutual, . 


6,227,684 


5,544,085 


112.33 


110.89 


110.16 


New England Mut., . 


14,190,586 


12,507,883 


113.45 


112.29 


111.47 


State Mutual, . 


2,061,552 


1,743,632 


118.26 


114.94 


117.60 


Totals, . 


$28,413,638 


$25,167,877 


112.90 


111.38 


110.28 


COS. OF OTHER STATES. 












iEtna, 


$22,673,956 


$20,199,225 


112.25 


110.44 


109.18 


Charter Oak, . 


13,279,001 


13,187,971 


100.70 


103.40 


102.17 


Connecticut General, 


1,236,783 


995,928 


124.19 


129.09 


129.23 


Connecticut Mutual, . 


44,848,184 


40,839,645 


109.81 


110.20 


110.79 


Continental, Conn., . 


3,346,580 


3,236,118 


103.41 


106.95 


107.31 


Equitable,. 


30,295,095 


27,720,700 


109.29 


108.52 


103.10 


Germania, 


7,721,990 


7,107,263 


108.65 


106.09 


105.11 


Globe Mutual, . 


4,292,616 


4,146,176 


103.53 


108.72 


107.54 


Hartford L, and A., . 


935,007 


601,790 


155.37 


153.53 


148.21 


Home, 


4,682,866 


4,028,860 


116.23 


113.92 


111.32 


Homoeopathic, . 


680,941 


624,678 


109.01 


110.73 


110.03 


Knickerbocker, 


6,569,503 


6,464,809 


101.62 


107.71 


106.66 


Manhattan, 


9,690,020 


8,386,867 


115.54 


116.91 


117.83 


Metropolitan, . 


2,085,827 


2,013,257 


103.61 


105.67 


108.48 


Mutual, . 


81,294,085 


76,218,458 


106.66 


106.26 


105.09 


Mutual Benefit, 


32,371,622 


29,039,123 


111.48 


109.41 


114.44 


National, Vermont, . 


1,986,387 


1,320,968 


150.37 


144.93 


145.90 


National of the U. S., 


3,830,979 


3,264,606 


117.35 


120.21 


120.79 



XV111 



REPORT OF THE 



Table B. — Ratio of Net Assets, &c. — Concluded. 





Net Assets or Ac- 
tual Premium 
Reserve. 


Net Present Val. 
of Policies or 
Computed Pre- 
mium Reserve. 


Ratio in 
1876. 


Cokkesp'g Ratios. 


NAME OF COMPANY. 


1875. 


1874. 


New York, 


$32,621,083 


$28,683,653 


113.73 


113.52 


110.08 


Northwestern Mut., . 


17,740,802 


15,165,760 


116.98 


116.97 


115.09 


Penn Mutual, . . 


5,754,099 


4,923,158 


116.88 


117.81 


116.01 


Phoenix Mutual, 


10,422,303 


10,282,824 


101.35 


100.75 


102.57 


Provident L. and T., 


3,537,690 


2,774,199 


127.52 


131.44 


131.61 


Provident Savings, . 


113,741 


32,845 


346.29 


1,027.66 


- 


Travelers, 1 


3,711,645 


2,524,505 


147.02 


150.30 


148.90 


Union Mutual, . 


7,831,346 


7,729,781 


101.31 


115.96 


115.52 


United States, . 


4,658,657 


4,118,276 


113.12 


112.39 


113.57 


Vermont, . 


180,398 


81,564 


221.18 


249.26 


284.53 


Washington, 


5,172,860 


4,637,391 


111.55 


110.28 


109.96 


Totals, . 


$363,566,066 


$330,410,398 


110.04 


- 


- 


Grand Totals, 


$391,979,704 


$355,578,275 


110.24 


- 


- 



INSURANCE COMMISSIONER. 



xix 



Table C. — Ratio of Premium Notes and Loans to Computed Pre- 
mium Reserve, December 31, 1876. 







Ratio to 


Corresponding Ratios. 




Premium Notes 
and Loans. 


Keserve 

in 
1876. 




NAME OF COMPANY. 


1875. 


1874. 


1873. 


1 

1873. 1871. 


Massachusetts Cos. 
















Berkshire, 


$193,738 


6.79 


7.48 


7.9.0 


8.79 


9.84 


10.05 


John Hancock, 


341,046 


13.53 


14.69 


15.17 


19.50 


22.04 


25.65 


Mass. Mutual, 


894,548 


16.14 


18.54 


20.24 


22.33 


23.92 


24.40 


New Engla'd Mut., 


1,823,941 


14.58 


16.78 


18.47 


20.72 


22.68 


24.53 


State Mutual, 


23,011 


1.32 


1.54 


3.95 


3.34 


2.93 


2.0c 


Totals, 


$3,276,283 


13.02 


16.02 


16.39 


18.55 


20.29 


21.79 


COS. OF OTHER STATES. 
















JEtna, . 


$3,764,626 


18.64 


21.95 


25.70 


30.35 


35.53 


43.11 


Charter Oak, . 


2,849,615 


21.61 


26.49 


29.75 


29.09 


31.40 


30.59 


Connecticut Gen'l, 


141,867 


14.24 


15.28 


16.66 


19.41 


20.98 


20.50 


Connecticut Mut., . 


6,290,699 


15.40 


17.49 


20.12 


24.79 


30.22 


36.38 


Continental, Conn., 


1,112,286 


34.37 


37.20 


41.75 


45.29 


59.65 


65,82 


Equitable, 


- 


- 


- 


- 


- 


- 


- 


Germania, 


- 


- 


- 


- 


- 


- 


- 


Globe Mutual, 


24,025 


.60 


- 


- 


- 


- 


- 


Hartford L. & A., . 


- 


- 


- 


- 


- 


- 


- 


Home, . 


1,074,515 


26.67 


28.11 


29.16 


30.49 


32.66 


35.99 


Homoeopathic, 


- 


- 


- 


- 


- 


- 


- 


Knickerbocker, 


2,633,596 


40.74 


43.14 


45.18 


47.63 


50.28 


53.27 


Manhattan, . 


2,014,314 


24.02 


26.67 


29.04 


31.68 


32.94 


38.00 


Metropolitan, 


365,689 


18.16 


20.52 


27.32 


25.63 


25.64 


24.14 


Mutual, . 


- 


- 


- 


- 


- 


- 


- 


Mutual Benefit, 


5,647,080 


19.45 


21.04 


26.77 


29.01 


31.07 


33.77 


National, Vt., 


28,661 


2.17 


2.57 


3.38 


3.96 


4.54 


5.62 


Nat'l of the U. S., . 


54,622 


1.61 


2.00 


2.38 


2.77 


.10 


- 



XX 



REPORT OF THE 



Table C. — Ratio of Premium Notes and Loans, &c. — Concluded. 





Premium Notes 
and Loans. 


Ratio to 
Reserve 


Corresponding Ratios. 


NAME OF COMPANY. 














1876. 


1875. 


1874. 


1873. 


1872. 


1871. 


New York, . 


$781,585 


2.72 


3.34 


3.75 


4.37 


5.00 


5.61 


Northwest 1 n Mut„, 


3,825,551 


25.22 


28.74 


32.14 


35.79 


39.66 


42.55 


Perm Mutual, 


_ 722,384 


14,67 


15.66 


16.64 


17.29 


21.27 


28.37 


Phoenix Mutual, . 


2,982,685 


29.01 


33.77 


38.21 


42.66 


48.67 


56.25 


Provident L, & T„ 


97,289 


3.51 


4.43 


5.58 


6.72 


8.53 


10.80 


Provident Savings, 


329 


1.00 


- 


- 


- 


- 


- 


Travelers,' . 


- 


- 


- 


- 


- 


- 


- 


Union Mutual, 


1,881,566 


24.34 


28.41 


30.77 


33.79 


36.38 


37.97 


United States, 


155,471 


3.78 


4.49 


5.43 


6.66 


7.82 


15.48 


Vermont, 


8,543 


10.47 


9.60 


11.87 


- 


- 


- 


Washington,. 


- 


- 


- 


- 


- 


- 


- 


Totals, 


136,456,998 


11.03 


- 


- 


- 


- 


- 


Grand Totals, . 


$39,733,281 


11.17 


- 


- 


- 


- 


- 



INSURANCE COMMISSIONER. 



xxi 



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XX11 



REPORT OF THE 



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INSURANCE COMMISSIONER. 



XXXlll 



Table H. — Massachusetts Business. 





Policies Issued, 1876. 


Policies Issued, 1875. 


NAME OF COMPANY. 












Number. 


Amount. 


Number. 


Amount. 


Massachusetts Companies. 










Berkshire, 


115 


$185,891 


160 


$274,369 


John Hancock, . 


160 


234,575 


286 


324,654 


Massachusetts Mutual, 


321 


891,867 


355 


1,013,992 


New England Mutual, 


299 


734,829 


353 


829,403 


State Mutual, . 


123 


236,000 


206 


484,500 


Totals, .... 


1,018 


$2,283,162 


1,360 


$2,926,918 


Companies of Other States. 




~- 






JEtna, .... 


295 


$464,569 


370 


$647,924 


Charter Oak, . 


562 


992,165 


419 


825,060 


Connecticut General, 


86 


125,401 


128 


238,152 


Connecticut Mutual, 


212 


701,200 


267 


815,148 


Continental, ConD., 




89 


148,075 


66 


145,700 


Equitable, . 




393 


1,316,770 


371 


1,072,085 


Germania, 




9 


7,944 


7 


6,007 


Globe Mutual, . 




92 


198,327 


61 


133,000 


Hartford L. and A., 




34 


46,421 


41 


46,899 


Home, 




3 


9,500 


7 


11,500 


Homoeopathic, . 




100 


200,324 


87 


192,619 


Knickerbocker, 




50 


140,500 


24 


45,995 


Manhattan, 




68 


262,836 


82 


273,734 


Metropolitan, . 




104 


114,653 


192 


219,876 


Mutual, 




558 


1,290,295 


583 


1,611,506 


Mutual Benefit, 




158 


500,075 


195 


£91,335 


National, Vermont, . 




123 


397,000 


103 


308,500 


National of the U. S. 


j • 


26 


27,515 


14 


38,000 



xxxiv REPORT OF THE INSURANCE COM'R. 



Table H. — Massachusetts Business — Concluded. 





Policies Issued, 1876. 


Policies Issued, 1875. 


NAME OF COMPANY. 












Number. 


Amount. 


Number. 


Amount. 


New York, 


229 


$645,890 


277 


$845,425 


Northwestern Mutual, 


100 


408,058 


81 


280,506 


Penn Mutual, . 


20 


31,000 


12 


50,200 


Phoenix Mutual, 


241 


261,125 


404 


570,351 


Provident L. and T., 


67 


148,000 


92 


148,534 


Provident Savings, . 


84 


138,750 


- 


- 


Travelers', 


118 


200,984 


118 


220,117 


Union Mutual, . 


766 


1,294,200 


907 


1,569,212 


United States, . 


182 


312,320 


219 


381,820 


Vermont, .... 


20 


40,000 


11 


33,200 


Washington, 


52 


134,085 


57 


132,400 


Totals, . 


4,841 


$10,557,982 


5,195 


$11,454,805 


Grand Totals, 


5,859 


$12,841,144 


6,555 


$14,381,723 



MASSACHUSETTS 

LIFE INSURANCE COMPANIES. 



Detailed Statements of Assets and Liabilities, with Abstract 

of Annual Statements, for the Year ending 

December 31, 1876. 



MASSACHUSETTS LIFE 



[Dec. 31, 



DETAILED STATEMENTS OE ASSETS AND LIABILITIES. 



BERKSHIRE LIFE INSURANCE COMPANY, PITTSFIELD. 

[Incorporated May, 1851. Commenced business, September 3, 1851.] 

Paid-up Capital, $25,500. 

Edward Boltwood, President. Secretary, James W. Hull. 

James M. Barker, Vice-President. 

Principal Office, Pittsfield. 

Income. 
Total premium income, $443,201 55 



Cash received for interest on stocks, bonds and loans, . 

for interest on other debts due the company, . 

as discount on claims paid in advance, . 

for rents of company's property, . 
Profit and loss, 



Total income, 

Net or ledger assets, December 31, 1875, 



179,444 98 

7,412 66 

550 26 

7,687 31 

50 41 



Total, 



5,347 17 
*2,964,502 39 

$3,602,849 56 



Disbursements. 
Cash paid for losses and additions, .... 

Premium notes or loans used in payment of same, 
Cash paid for matured endowments and additions, 
Premium notes or loans used in payment of same, 

Gross amount paid for losses and endowments, 
Cash paid for surrendered policies, .... 
Premium notes or loans used in purchase of surrendered 

policies and voided by lapse, 

Cash surrender values, including reconverted additions ap 

plied in payment of premiums, 

Cash dividends paid policy-holders, $11,499.69; applied in 

payment of premiums, $72,089.43, .... 
Premium notes or loans used in payment of dividends, 



Total paid policy-holders, 



$397,398 74 



$159,268 92 

6,018 29 

48,883 49 

2,611 51 



$216,782 21 
23,554 57 

20,386 14 

44,727 49 

83,589 12 
8,359 21 



* This balance has been increased (from $2,958,221.12, per last Report) by the amount of 
cash held in reserve by the company against sundry ledger accounts in suspense, included in 
Liabilities. 



1876.] 



INSURANCE COMPANIES. 



Cash, paid for dividends to stockholders, 

for commissions to agents, .... 
for salaries and travelling expenses of agents, 
for medical examiners' fees, .... 
for salaries of officers and office employes, . 

for taxes and fees, 

for rent, . . . . . . . . . 

for advertising, 

for office and incidental expenses, 

Total disbursements, 



Balance, 



11,785 00 
33,080 23 
6,005 11 
1,810 00 
13,754 77 
5,397 44 
4,659 83 
2,883 10 
9,865 82 

$476,640 04 

3,126,209 52 



Invested in the following : — ■ 

Assets as per Ledger Accounts 

Cost value of real estate, 

Loans on mortgage of real estate (first liens), 

Loans on collateral security (schedule A), . 

Premium notes or loans on policies.in force, . 

Cost value of stocks and bonds owned (schedule B), 

Cash in company's office, 

Cash deposited in bank, 

Bills receivable, 

Agents' ledger balances, 

Office furniture, 



Ledger assets (as per balance), 

Other Assets. 
Interest due and accrued, . 
Market value of stocks and bonds, over cost, 
Uncollected premiums on policies in force, . 
Deferred premiums on policies in force, 

Total, 

Deduct loading (10 per cent.), 

Net am't of uncollected and deferred prem's, 

Total assets per company's books, . 



1217,676 98 

1,767,740 63 

60,953 33 

193,738 44 

797,757 80 

235 83 

60,912 69 

750 00 

23,443 82 

3,000 00 



Items not Admitted. 



Furniture and fixtures, . 
Agents' balances, 
Bills receivable, 
Total, 

Total admitted assets, 



$3,126,209 52 




66,558 91 


. 


16,222 20 


$34,199 19 




32,956 43 




$67,155 62 




6,715 56 






60,440 06 




$3,269,430 69 


$3,000 00 




23,443 82 




750 00 






27,193 82 





,242,236 87 



MASSACHUSETTS LIFE 



[Dec. 31 



Liabilities. 
Computed premium reserve or net present 
value of all outstanding policies (Actua- 
ries' 4 per cent.), . ..... 

Deduct net value of re-insured risks, 

Net re-insurance reserve, . . . . 

Death losses and matured endowments in 
process of adjustment, .... 

Claims resisted by the company, . 

Total policy claims, 

Unpaid dividends of surplus due policy-holders, 
All other liabilities: premiums paid in advance, 
Pennsylvania State tax, 

Liabilities as to policy-holders, 
Surplus as regards policy-holders, . 

Gross liabilities, 



$2,862,988 00 
10,881 00 



■$2,852,107 00 



,445 00 
10,000 00 



49,445 00 
7,436 78 
8,731 55 
2,601-80 



$2,920,322 13 
. 321,914 74 

$3,242,236 87 



Premium Note Account 

Premium notes on hand, Dec. 31, 1875, . . $204,351 77 

Premium notes or loans received during 1876, 37,667 05 

Total, $242,018 82 

Used in payment of losses and claims, . . $8,629 80 
of surrendered policies and 

voided by lapse, . . 20,386 14 
of dividends to policy-hold- 
ers, 8,359 21 

Redeemed by maker in cash, .... 10,905 23 

Total, . 48,280 38 



Balance note assets, December 31, 1876, 



. $ 193,738 44 



Exhibit of Policies. 

Policies and Additions in force December 31, 1875. 

Number. Amount. 

Whole-life policies, 2,910 $6,950,541 00 

Endowment policies, 1,903 3,931,797 00 

All other policies, 848 1,794,550 00 

Reversionary additions, - 57,878 00 



New Policies Issued in 1876. 



Whole-life policies, . 
Endowment policies, 
All other policies, . 



360 

151 

1 



993,398 00 

238,855 00 

1,000 00 



Old Policies Revived during the year. 

Whole-life policies, 28 63,500 00 

Endowment policies, 22 32,500 00 



1876.] 



INSURANCE COMPANIES. 



All other policies, . 
Additions by dividends, . 



439 $1,087,567 00 
8,485 00 



Total number and amount 6,662 $15,160,071 00 

Policies ceased to be in force during the year. 

Terminated by death, 

by maturity, 

by expiry, . 

by surrender, 

by lapse, 
Not taken, 



71 


$170,739 00 


27 


50,200 00 


. 379 


891,322 00 


. 122 


366,007 00 


. 439 


1,087,567 00 


93 


263,221 00 



Total terminated, 



. 1,131 $2,829,056 00 



Policies in force December 31, 1876. 

Whole-life policies, . . . . . . 2,852 

Endowment policies, 1,835 

All other policies 844 

Reversionary additions, - 



Totals, 



$6,737,604 00 

3,730,161 00 

1,804,050 00 

59,200 00 



5,531 $12,331,015 00 



Schedule 

Securities held as 

Central Pacific R. R. bonds, . 
United States bonds, 
58 shares Agricultural Nat'l Bank, 

h a it u cc 

28 " " 

25 ' 

150 ' 

135 ' 

10 ' 

67 ' 

64 ' 



8 Pittsfield Natl Bank, 
' Adams Nat'l Bank, 
' American Express Co., 
' Pittsfield Nat'l Bank, 
' Massasoit Paper Co., 
Pittsfield Gas Co., . 
Stockbridge and Pittsfield R. R. stock, 
150 shares Pittsfield Gas Co,, . 



A. 

Collateral. 

Market value. 

$3,277 50 

2,327 50 

11,600 00 

1,400 00 

5,600 00 

3,375 00 

17,750 00' 

13,500 00 

1,350 00, 

7,370 00 

8,640 00 

1,200 00 

20,250 00 



Amount loaned. 

$2,453 33 
1,500 00 
4,000 00 
1,000 00 
3,500 00 
1,500 00 

22,000 00 

5,000 00 

7,000 00 

1,000 00 

12,000 00 



$97,640 00 $60,953 33 



Schedule B. 

Stocks and Bonds oiuned by the Company. 

Cost value. Market value. 

United States bonds, $526,677 80 $542,900 00 

458 shares Pittsfield Nat'l Bank, . . . 61,830 00 61,830 00 

250 " Adams Nat 1 ! Bank, . . . 31,250 00 31,250 00 



MASSACHUSETTS LIFE 



[Dec. 31, 



300 shares Agricultural Nat'l Bank, 
North Adams water scrip, 
Berkshire County loan, . 
Cheshire town loan, 
Hinsdale town loan, 



,000 00 $60,000 00 



43,000 00 

60,000 00 

14,000 00 

1,000 00 



43,000 00 

60,000 00 

14,000 00 

1,000 00 



$797,757 80 $813,980 00 



JOHN HANCOCK MUTUAL LIFE INSURANCE COMPANY, 

BOSTON. 

[Incorporated April 21, 1862. Commenced business December 27, 1862.] 

President, George Thornton. Secretary and Actuary, 

Vice-President, Samuel Atherton. George B. Woodward. 

Principal Office, Sears Building, Boston. 

Income. 

Total premium income, $403,488 42 

Cash received for interest on stocks, bonds and loans, . . 159,766 05 

for interest on other debts due the company, . 13,772 89 

as discount on claims paid in advance, . . 2,882 79 

for rents of company's property, . . . 696 00 



Total income, . . 
Net or ledger assets, December 31, 1875, 



Total, 



),606 15 

. 2,589,351 83 

$3,169,957 98 



Disbursements. 

Cash paid for losses and additions, ...... $131,161 15 

Premium notes or loans used in payment of same, . . 1,205 56 

Cash paid for matured endowments and additions, . . 70,322 45 

Premium notes or loans used in payment of same, . . 15,893 14 

Gross amount paid for losses and endowments, . . $218,582 30 

Cash paid to annuitants, ' . 1,772 00 

for surrendered policies, 7,182 78 

Premium notes or loans used in purchase of surrendered 

policies and voided by lapse, 44,777 75 

Cash surrender values, including re-converted additions 

applied. in payment of premiums, . . . . . 83,345 73 
Cash dividends paid policy-holders, $1,184.11 ; applied in 

payment of premiums, $19,604.31, 20,788 42 

Premium notes or loans used in payment of dividends, . 13,558 62 



Total paid policy-holders, 



$390,007 60 



1876.] 



INSURANCE COMPANIES. 



Cash paid for commissions to agents, .... 
for salaries and travelling expenses of agents, 
for medical examiners 1 fees, .... 
for salaries of officers and office employes, . 

for taxes and fees, 

for rent, 

for furniture and office fixtures, 

for advertising, . . . 

for office and incidental expenses, - 

Total disbursements, 



. $22,873 


39 


23,303 


66 


6,369 


50 


26,568 


00 


4,110 


82 


10,891 


71 


830 


03 


3,589 


70 


12,450 


20 


. $500,994 61 



Balance, 



$2,668,963 37 



Invested in the following : — 

Assets as per Ledger Accounts. 

Cost value of real estate, 

Loans on mortgage of real estate (first liens), 

on collateral security (schedule A), 
Premium notes or loans on policies in force, . 
Par value of stocks and bonds owned (schedule B), 

Cash in company's office, 

deposited in bank, ....... 

Bills receivable, 

Agents 1 ledger balances, 

Commuted commissions, $3,958.81 ; loaned on personal 
security, $1,500.00, 



Ledger assets (as per balance), 

Other Assets. 

Interest due and accrued, . 

Rents due and accrued, 

Market value of stocks and bonds, over par, 
Uncollected premiums on policies in force, . 
Deferred premiums on policies in force, 

Total, 

Deduct loading (20 per cent.), 
Net amount of uncollected and deferred pre- 
miums, 



$50,928 96 

1,437,810 00 

52,950 00 

341,045 98 

768,500 00 

277 53 

3,051 18 

2,014 17 

6,926 74 

5,458 81 
$2,668,963 37 

59,308 37 

614 83 

25,327 50 



£32,936 6b 
35,849 99 



,786 64 
13,757 33 



Total assets per company's books, . 

Items not Admitted. 

Commuted commissions, .... $3,958 81 

Agents 1 balances, 6,926 74 

Loans on personal security, . . . . . 1,500 00 

Bills receivable, ...... 2,014 17 

Total, 



55,029 31 
$2,809,243 38 



Total admitted assets, 



14,399 72 
$2,794,843 66 



8 



MASSACHUSETTS LIFE 



[Dec. 31, 



Liabilities. 

Computed premium reserve or net present value of all out- 
standing policies (Actuaries 1 4 per cent.), . $2,523,126 00 
Deduct net value of re-insured risks, . . 2,956 00 



Net re-insurance reserve, . . . . - 




— $ 


2,520,170 00 


Premium obligations in excess of net values 








of their policies, 


|152 35 




Matured endowments due and unpaid, . 


100 


00 




Death losses and matured endowments in 








process of adjustment, .... 


19,154 00 




T^nt^l "nnlipv pl^ii itiq — 






19,406 35 


-L U bchl IJUilOV KsLcbLLHO} • * a . • • — 






Unpaid dividends of surplus due policy-holders, 




. 


8,321 72 


All other liabilities, premiums paid in advance, 




$ 


7,301 24 


Liabilities as to policy-holders, 


2,555,199 31 


Surplus as regards policy-holders, . 




$ 


239,644 35 


Gross liabilities, . . . 


2,794,843 66 


Premium Note Account. 






Premium notes on Dec. 31, 1875, . 


$373,838 


23 




or loans received during 1876, 


43,144 


65 




Total 






$416,982 88 


XULtU, • • • • • . » "■ 






Used in payment o" losses and claims, . 


$17,098 


70 




of surrendered policies and 








voided by lapse, . 


44,777 


75 




of dividends to policy-hold- 








ers, 


13,558 


62 




Redeemed by maker in cash, .... 


501 


83 




Tntn'l 






75,936 90 


J_ U till, . . . • . . . "" 






Balance note assets, Dec. 31, 1876, . 


$341,045 98 



Exhibit of Policies. 

Policies and Additions in force December 31, 1875. 



Whole-life policies, . 
Endowment policies, 
All other policies, . 



New Policies Issued in 1876. 



Whole-life policies, . 
Endowment policies, 
All other policies, . 



Old Policies Revived during the year. 



Whole-life policies, . 
Endowment policies, 
All other policies, 

Total number and amount, 



Number. 


Amount. 


3,918 


$8,809,163 00 


1,952 


2,693,367 00 


9 


14,300 00 


790 


1,597,337 00 


131 


154,973 00 


4 


16,500 00 


year. ■ 
24 


45,000 00 


9 


13,000 00 


1,747 


3,408,450 00 



8,584 $16,752,090 00 



1876.] 



INSURANCE COMPANIES. 



Policies ceased to be in force during the year. 
Terminated by death, .... 



by maturity, . 

by surrender, 

by lapse, 

by change and decrease, 



Not taken, 

Total terminated, 



65 

51 

693 

172 

222 



Policies in force December 31, 1876. 



Whole-life policies, . 
Endowment policies, 
All other policies, . 

Totals, 



3,779 
1,799 
1,760 



$78,369 00 
84,632 00 
100,110 00 
1,580,300 00 
460,500 00 
534,000 00 



1,246 $2,837,911 00 



£8,137,632 00 
2,337,297 00 
3,439,250 00 



7,338 $13,914,179 00 



Schedule A. 

Securities held as Collateral. 

Market value. 

Wichita and So. Westfn R. R. 1st mort. bonds, $6,300 00 

Atchison, Topeka and Santa Fe R. R. bonds, . 5,550 00 

Atchison, Topeka and Santa Fe land grants, . 2,452 50 

205 shares American Whip Co., . . . 20,500 00 

10 " Boston and Albany R, R. Co., . 1,275 00 

Oswego and Fox Valley R. R. bonds, . . 1,000 00 

Atchison, Topeka and Santa Fe land grants, . 817 50 

United States 5-20 bond, .... 116 37 

150 shares Chicago, Burl'n and Quincy R. R , 17,512 50 

Detroit City bonds, 10,300 00 

United States 5-20 bonds, .... 590 00 

6 shares Boylston Market Association, . . 4,200 00 



Amount loaned. 

$10,000 00 

12,000 00 

2,000 00 

750 00 

15,000 00 

10,000 00 

3,200 00 



,613 87 $52,950 00 



Schedule B. 



Stocks and Bonds owned by the Company. 



United States bonds, 
Cleveland (Ohio) city bonds, 
Portland (Me.) city bonds, 
Bath (Me.) city bonds, . 
Salem (Mass.) city bonds, 
Lynn (Mass.) city bonds, 
Boston (Mass.) city bonds, 
Cambridge (Mass.) city bonds, 
Albany (N. Y.) city bonds, 
Cincinnati (Ohio) city bonds, 
Evansville (Ind.) city bonds, 
2 



Cost value. 

$101,440 00 

10,300 00 

4,750 00 

1,840 00 

8,960 00 

13,845 00 

5,075 00 

2,037 50 

9,567 50 

10,180 00 

5,125 00. 



Market value. 

$111,285 00 

10,450 00 

5,000 00 

2,020 00 

9,450 00 

14,980 00 

.5,000 00 

2,160 00 

10,200 00 

11,100 00 

5,150 00 



10 



MASSACHUSETTS LIFE 



[Dec. 31, 



Chicago (111.) city bonds, 
Marion Co. (Ind.) bonds, 
Old Colony R. R. bonds, .... 
Vermont Cent, and Vt. and Canada bonds, 
Vermont Central R. R. bonds, 
Ogclensburg and Lake Champlain bonds, 
Phila., Wil. and Baltimore R. R. bonds, . 
Illinois Grand Trunk R. R. bonds, . 
Michigan Central R. R. bonds, 
Nashua and Rochester R. R. bonds, 
Grand River Valley R. R. bonds, . 
Lowell and Andover R R. bonds, . 
Cedar Rapids and Mo. River bonds, 
Lansing, Jack, and Sag. R. R bonds, 
Boston and Albany R. R. bonds, 
Chicago, Burlington and Quincy R. R bonds 
Boston and Providence R. R. bonds, 

50 shares Boston and Maine R. R., 
120 " Vermont and Canada R. R., . 
Old Colony R. R note, .... 
Boston and Lowell R R. note, 
Boston and Providence R R. note, . 
100 shares N. E. Nat'l Bank, . 

50 " Tremont Nat'l Bank, . 

70 " Continental Nat'l Bank, 

35 " Boylston Natl Bank, . 
100 " Washington Nat'l Bank, 
Boston Gas Light Co. bonds, . 
Newton and Watertown Gas Light Co. bonds 
New England Mortgage Security Co. bonds, 
The Appletou Co.'s loan, 



$9,612 50 

10,300 00 

18,082 50 

5,040 00 

500 00 

4,987 50 

6,650 00 

19,400 00 

5,362 50 

23,125 00 

10,487 50 

18,300 00 

13,500 00 

10,100 00 

122,668 75 

20,150 00 

26,187 50 

5,635 62 

11,933 25 

50,000 00 

10,000 00 

88,000 00 

12,031 00 

6,200 00 

7,000 00 

4,362 50 

13,537 50 

25,000 00 

19,950 00 

5,000 00 

25,000 00 



$10,600 00 

10,500 00 

18,090 00 

1,450 00 

290 00 

5,000 00 

7,245 00 

22,000 00 

4,000 00 

23,125 00 

6,000 00 

20,000 00 

14,850 00 

9,250 00 

133,200 00 

21,900 00 

28,500 00 

4,962 50 

2,070 00 

50,000 00 

10,000 00 

88,000 00 

14,000 00 

5,550 00 

7,490 00 

4,410 00 

13,800 00 

25,500 00 

15,000 00 

5,250 00 

25,000 00 



$781,223 62 $793,827 50 



MASSACHUSETTS HOSPITAL LIFE INSURANCE COMPANY, 

BOSTON. 

[Incorporated February 24, 1818. Commenced business, 1823.] 
Paid-up Capital, $500,000. 

Peter C. Brooks, President. Secretary, J. C. Braman. 

Actuary, George T. Bigelow. 

Principal Office, Bosto7i. 

Income. 

Total premium income, $30,472 74 

Cash received for interest on stocks, bonds, and loans, . . 54,197 18 
for commissions on trusts, .... 65,029 43 



Total income, $149,699 35 



1876.] 



INSURANCE COMPANIES. 



11 



Disbursements. 



Cash paid to annuitants, 

for surrendered policies, 

for dividends to stockholders, 

to Massachusetts General Hospital, 

for salaries of officers and office employes, 

for taxes and fees, ...... 

for rent, 

for office and incidental expenses, 

Total disbursements, 



$30,929 


00 


216 


15 


80,000 00 


25,000 


00 


17,700 00 


6,957 


25 


2,500 


00 


1,283 


19 


$164,585 59 



Assets as per Ledger Accounts 

Cost value of real estate, .... 
Loans on mortgage of real estate (first liens), 
on collateral security, .... 
Cash market value of stocks and bonds owned, 

deposited in bank, 

Interest due and accrued, .... 



$8,597 32 
595,652 29 
188,548 52 

92,493 72 
468 58 

17,121 20 



Total assets, $902,881 63 



Liabilities. 

Computed premium reserve or net present value of all out- 
standing policies (Actuaries' 4 per cent.), . . . . 171,852 00 



Surplus as regards policy-holders, . 



. $731,029 63 



Exhibit of Policies. 

Whole-life policies in force December 31, 1875, 
Policies surrendered during the year, 

Whole-life policies in force Dec. 31, 1876, 
Annuities, 



Number. 

6 
1 

5 

81 



Amount. 

$13,500 00 
500 00 

$13,000 00 
$32,321 00 



12 



MASSACHUSETTS LIFE 



[Dec. 31, 



MASSACHUSETTS MUTUAL LIFE INSURANCE COMPANY, 

SPRINGFIELD. 

[Incorporated May 15, 1851. Commenced business August 1, 1851.] 

E. W. Bond, President. Secretary, Avery J. Smith. 

Henry Fuller, Jr., Vice-President. Actuary, Oscar B. Ireland. 

Principal Office, Springfield. 

Income. 

Total premium income, $1,053,213 93 

Cash received for interest on stocks, bonds and loans, . . 352,703 91 

for discount on claims paid in advance, . . 1,642 10 

for rents of company's property, . . . 5,957 34 

Total income, ' . . $1,413,517 28 

Net or ledger assets, December 31, 1875, . . . 5,672,941 19 



Total, 



,458 47 



Disbursements. 

Cash paid for losses and additions, .... 

Premium notes or loans used in payment of same, 
Cash paid for matured endowments and additions, 
Premium notes or loans used in payment of same, 

Gross amount paid for losses and endowments, 
Cash paid for surrendered policies, 
Premium notes or loans used in purchase of surrendered 

policies and voided by lapse, 

Cash surrender values applied in payment of premiums 
Cash dividends paid policy-holders, $ 18,623.85; applied in 

payment of premiums, $88,694.54, .... 
Premium notes or loans used in payment of dividends, 

Total paid policy-holders, . . . $848,695 64 
Cash paid for commission to agents, .... 
for salaries and travelling expenses of agents, 
for medical examiners 1 fees, .... 
for salaries of officers and office employes, . 
for taxes and fees, . . . . . 

for rent, 

for furniture and office fixtures, 

for advertising, . . . . . 

for office and incidental expenses, 



. $324,278 41 


14,229 


02 


30,016 


61 


8,280 


39 


. $376,804 43 


31,240 
1 


97 


. 126,148 


42 


68,862 


04 


. 107,318 


39 


. 138,321 


39 



$59,984 14 

55,174 20 

4,484 50 

42,550 70 

10,246 83 

10,324 47 

130 08 

6,391 24 

11,754 11 



Total disbursements, 



,049,735 91 



Balance, 



.,036,722 56 



1876.] 



INSURANCE COMPANIES. 



13 



Invested in the following : — 

Assets as per Ledger Accounts. 

Cost value of real estate, 1291,760 20 

Loans on mortgage of real estate (first liens), . . . 3,895,632 24 

Loans on collateral security (schedule A), . 219,4.98 51 

Premium notes or loans on policies in force, .... 894,548 25 

Cost value of stocks and bonds owned (schedule B), . . 631,612 88 

Cash in company's office, ....... 67,519 92 

Cash deposited in bank, 28,370 92 

Bills receivable, ...„..„.. 7,779 64 

Ledger assets (as per balance), .... $6,036,72256 

Deduct depreciation from cost of assets, .... 16,390 38 



Total net or ledger assets, ..... $6,020,332 18 



Other Assets. 
Interest due and accrued, ... 
Rents due and accrued, .... 
Uncollected premiums on policies in force, 
Deferred premiums on policies in force, 

Total, ...... 

Deduct loading (16 per cent,), 

Net amount of uncollected and deferred prem 1 

Furniture and fixtures, .... 

Cash in hands of agents, 

Total assets per company's books, . 



178,428 29 
118,109 98 

1196,538 27 
31,446 13 



244,899 62 
1,600 00 



165,092 14 

6,647 45 

10,042 10 

5,448,613 49 



Items not Admitted. 



Furniture and fixtures, . 
Cash in hands of agents, . 
Bills receivable, 
Total, 

Total admitted assets, 



16,647 45 

10,042 10 

7,779 64 



24,469 19 
1,424,144 30 



Liabilities. 
Computed premium reserve or net present 
value of all outstanding policies (Actuaries 1 

4 per cent.), , $5,572,411 00 

Deduct net value of re-insured risks, . . 28,326 00 

Net re-insurance reserve, . . . . 

Death losses and matured endowments in 

process of adjustment, . ..... f 109,300 00 

Claims resisted by the company, . . . 64,200 00 
Total policy claims, ..... - 



•$5,544,085 00 



173,500 00 



14 



MASSACHUSETTS LIFE 



[Dec. 31, 



Unpaid dividends of surplus due policy-holders, . 
All other liabilities : premiums paid in advance, . 

Liabilities as to policy-holders, 
Surplus as regards policy-holders, . 

Gross liabilities, • 



$21,239 58 
1,721 15 

),740,545 73 
683,598 57 

>,424,144 30 



Premium Note Account. 
Premium notes on hand, December 31, 1875, . 
" " or loans received during 1876, 

Total, 

Used in payment of losses and claims, . 

of surrendered policies and 

voided by lapse, 
of dividends to policy-hold- 
ers, ..... 
Redeemed by maker in cash, .... 
Total, 



,118 06 
199,984 14 

1 

$22,509 41 

126,148 42 

138,321 39 
4,981 63 



-$1,189,102 20 



Balance note assets, December 31, 1876, . 



- 291,960 85 
. $897,141 35 



Exhibit of Policies. 
Policies and Additions in force December 31, 1875. 

Number. Amount. 

Whole-life policies, 9,609 $24,909,582 00 

Endowment policies, 2,811 5,103,347 00 

All other policies, 



New Policies issued in 1876. 



Whole-life policies, . 
Endowment policies, 
All other policies, . 



Old Policies Revived during the year. 



Whole-life policies, . 
Endowment policies, 

Total number and amount, 



324 


5,016,145 00 


994 


2,997,248 00 


232 


427,115 00 


76 


200,100 00 


tr. 
2 


2,500 00 


1 


2,000 00 



.16,049 $38,658,037 00 



Policies ceased to be in force during the year. 

Terminated by death, 

by maturity, 

by expiry, . 

by surrender, 

by lapse, 

by change and decrease, 
Not taken, . . 

Total terminated, 



. 137 


$342,595 00 


49 


78,741 00 


. 569 


1,435,000 00 


. 255 


666,477 00 


. 422 


1,752,900 00 


. 


126,636 00 


. ■ . .159 


452,225 00 


. 1,591 


$4,854,574 00 



1876.] 



INSURANCE COMPANIES. 



15 



Policies in force December 31, 1876. 



Whole-life policies, . 
Endowment policies, 
All other policies, . 



9,148 
2,635 

2,675 



$22,895,575 00 
4,608,343 00 
6,299,545 00 



Totals, 14,458 $33,803,463 00 



Schedule A. 

Securities held as Collateral. 



150 sh 



ares Riverside Paper Co., 



19 " Springfield Gas Light Co., . 

15 " Union Paper Manufacturing Co., 

30 " Cocheco Natl Bank, Dover, N. H 
425 " Hampden Paint and Chemical Co 
United States bond, .... 
150 shares Union Paper Manufacturing Co., 

25 " Pynchon Nat'l Bank, 

20 " Union Paper Manufacturing Co., 
50 " Worthy Paper Co., 

20 " iEtna Fire Insurance Co., 
14 " N. Y., N. H. and Hartford R. R., 
45 Chicago and Illinois River R. R. bonds, 
Assignment of judgment, 
28 shares Farmers & Mechanics 1 Nat'l Bank 

13 " Pynchon Nat'l Bank, . 

5 " John Hancock Nat'l Bank, . 
8 " Leicester Nat'l Bank, . 

14 " First Nat'l Bank, . 

40 " N. Y„ N. H. and Hartford R. R., 
8 Council Bluffs and St. Jo. R. R. bonds, 
5 St. Jo. and Council Bluffs R. R. bonds, 
1 Pettis County, Mo., bonds, 
10 shares Massasoit Paper Co., . 
100 " Cocheco Nat'l Bank, . 
455 " Union Paper Manufacturing Co., 
150 " 

31 Missouri Valley R. R. bonds, . 
66 " " " 



Schedule B. 



Market value. 

$22,500 00 

2,850 00 

1,875 00 

3,360 00 

10,625 00 

585 00 

18,750 00 

4,125 00 

2,500 00 

5,500 00 

5,000 00 

2,114 00 

22,500 0(n 

15,000 00 / 

3,640 00 

2,145 00 >| 

650 00 I 

1,200 00 J 

1,960 00 

6,040 00 

7,600 00 

3,500 00 

1,000 00 

1,250 00 

11,200 00 

56,875 00 

' 18,750 00 

18,600 00 

39,600 00 



} 



Amount loaned. 

$15,000 00 
1,900 00 
1,500 00 
3,000 00 
7,000 00 
500 00 
10,000 00 
1,400 00 

5,000 00 

3,400 00 

30,000 00 
1,500 00 

5,000 00 

1,000 00 
5,000 00 

10,000 00 

798 51 

1,000 00 

10,000 00 

40,000 00 

32,500 00 
34,000 00 



$291,294 00 $219,498 51 



Stocks and Bonds owned by the Company. 

Cost value. Market value. 

United States bonds, $207,204 45 $233,280 00 

Springfield city bonds, 2,942 00 3,135 00 

New York State Bounty bonds, . . . 73,525 00 73,150 00 



16 



MASSACHUSETTS LIFE 



[Dec. 31, 



685 shares Boston and Albany R. R., 
99 " N. Y., N. H. and Hartford R. R., 

100 " N. Y. Cent, and H. R. R. R., . 

St. Jo. and Denver City R. R. bonds, 

Ind 1 polis, Bloom'gton and West. R. R. bonds 

Council Bluffs and St. Jo. R. R. bonds, . 

Burling'n, Cedar Rap. and Minn. R. R. bonds 

Kansas Pacific R. R. bonds, . 

Kansas Pacific coupon certificates, . 

St. Louis, Alton and Terre Haute R. R. bonds 

Buffalo, N. Y. and Erie R. R, bonds, 

5 shares Agawam Nat'l Bank, Springfield 
20 " Pynchon Nat'l Bank, 

100 " First Nat'l Bank, 
81 " Second Nat'l Bank, 
35 " Chicopee Nat'l Bank, 
10 " John Hancock Nat'l Bank, " 

24 " First Nat'l Bank, Chicopee, . 
34 " First Nat'l Bank, Northampton, 
15 " Eliot Nat'l Bank, Boston, 

25 " Webster Nat'l Bank, Boston, 
15 " Merchants' Nat'l Bank, Boston, 
47 " Nat'l Bank of Commerce, Boston 
50 " Metropolitan Nat'l Bank, N. l r ork 



,693 88 

15,149 50 

9,775 00 

19,627 13 

36,512 36 

45,029 25 

10,050 00 

25,878 49 

4,095 00 

30,026 25 

5,748 75 

515 00 

1,975 00 

10,750 00 

9,930 00 

5,120 00 

1,220 00 

2,586 00 

3,455 50 

1,522 50 

2,625 00 

1,844 57 

4,862 25 

6,950 00 



187,680 00 

14,949 00 

10,100 00 

4,000 00 

12,000 00 

50,350 00 

4,420 00 

13,000 00 

2,047 50 

34,650 00 

6,000 00 

675 00 

3,300 00 

14,000 00 

14,580 00 

5,775 00 

1,300 00 

3,960 00 

4,760 00 

1,650 00 

2,550 00 

2,100 00 

5,311 00 

6,500 00 



1,612 88 $615,222 50 



NEW ENGLAND MUTUAL LIFE INSURANCE COMPANY, 

BOSTON. 

[Incorporated April 1, 1835. Commenced business December 1, 1843.] 

Benjamin F. Stevens, President. Secretary, Joseph M. Gibbens. 

Actuary, Walter C. Wright. 

'Principal Office, Boston. 

Income. 

Total premium income, . . . . . . . $1,996,286 84 

Cash received for interest on stocks, bonds and loans, . 719,631 94 

for interest on other debts due the company, 38,250 27 

for rents of company's property, . . . 46,649 26 



Total income, ... 
Net or ledger assets, December 31, 1875, 



. |2,800,818 31 
. 13,469,390 92 



Total, 



,270,209 23 



1876.] 



INSURANCE COMPANIES. 



17 



Disbursements. 

Cash paid for losses and additions, 

Premium notes or loans used in payment of same, 
Cash paid for matured endowments and additions, 
Premium notes or loans used in payment of same^ , . 

Gross amount paid for losses and endowments, . 

Cash paid for surrendered policies, 

Premium notes or loans used in purchase of surrendered 

policies and voided by lapse, 

Cash distributions paid policy-holders, applied in payment 

of premiums, . . 
Premium notes or loans used in payment of distributions, . 

Total paid policy-holders, . * . . $2,159,460 87 
Cash paid for commissions to agents, . 
for medical examiners 1 fees, 
for salaries of officers and office employes, 
for taxes and fees, .... 

for advertising, ' 

for office and incidental expenses, 
for accrued interest on investments, . 



$768,906 19 

37,555 81 

214,213 75 

66,013 25 

1,086,689 00 
332,449 90 

270,280 45 

332,489 59 
137,551 93 



Total disbursements, 



Balance, 



,559 07 
11,215 58 
60,501 13 
17,141 31 
11,810 52 
92,422 51 
60,674 69 

$2,507,785 68 

$13,762,423 55 



Invested in the following: — 

Assets as per Ledger Accounts 

Cost value of real estate, 

Loans on mortgages of real estate (first liens), . 

Loans on collateral security (schedule A), . 

Loans on company's policies assigned as collateral, 

Premium notes or loans on policies in force, 

Cost value of stocks and bonds owned (schedule B), 

Cash deposited in bank, 

Quarter and semi-annual premium notes, 

Agents 1 ledger balances, 

Ledger assets (as per balance), 



Other Assets 
Interest due and accrued, 
Rents due and accrued, .... 
Market value of stocks and bonds over cost 
Deferred premiums on policies in force, 
Deduct loading (10 per cent.), 
Net am't of uncollected and deferred prem's, 



£1,361,156 38 

2,491,716 67 

383,221 62 

9,988 50 

1,823,940 53 

7,284,054 88 

182,127 49 

223,816 84 

2,390 64 

$13,762,423 55 



$233,559 80 

10,223 72 

340,700 80 



$187,659 53 
18,765 00 



Total assets per company's books, 



168,894 53 
$14,515,802 40 



18 MASSACHUSETTS LIFE [Dec. 31, 

Items not Admitted. 

Agents' balances, . $2,390 64 



Total admitted assets, $14,513,411 76 



Liabilities. 

Computed premium reserve or net present value of all out- 
standing policies (Actuaries 1 4 per cent.), . . $12,507,883 00 

Death losses unpaid, $168,369 00 

Matured endowments unpaid, . . . 16,866 00 

Total policy claims, .... 185,235 00 

Unpaid distributions of surplus due policy-holders, . . 137,011 68 
All other liabilities: premiums paid in advance, . . . 579 11 



Liabilities as to policy-holders, . . . . $12,830,708 79 
Surplus as regards policy-holders, . . . . 1,682,702 97 



Gross liabilities, $14,513,411 76 



Premium Note Account. 

Premium notes on hand, Dec. 31, 1875, . $2,388,459 09 

Premium notes or loans received during 1876, 569,923 01 

Total, . $2,958,382 10 

Used in payment of losses and claims, . $103,569 06 
of surrendered policies and 

voided by lapse, . . 270,280 45 
of dividends to policy-hold- 
ers, .... 137,551 93 
Redeemed by maker in cash, . . . 399,193 29 

Total, . . 910,594 73 



Balance note assets, December 31, 1876, . . . $2,047,787 37 



Exhibit of Policies. 
Policies and Additions in force December 31, 1875. 

Number. Amount. 

Whole-life policies, 14,864 $45,385,710 00 

Endowment policies, 3,583 9,216,114 00 

All other policies, . 2,321 5,899,323 00 

Reversionary additions, ........ 79,892 00 

New Policies Issued in 1876. 

Whole-life policies, 1,357 4,113,788 00 

Endowment policies, 211 445,332 00 

All other policies, 850 2,785,627 00 



1876.] 



INSURANCE COMPANIES. 



19 



Old Policies Revived during the year. 

Whole-life policies, . 52 

Endowment policies, 20 

Additions by dividends, 



Total number and amount, 



. 23,258 



$147,454 00 
52,600 00 
11,655 00 



,137,495 00 



Policies ceased to be in force during the year. 

Terminated by death, ... . 261 

by maturity, . 

by expiry, . 

by surrender, 

by lapse, 

by change and decrease, 
Not taken, 



116 

5 

453 

1,961 



250 



Total terminated, 



3,046 



Policies in force December 31, 1876. 



Whole-life policies, . 
Endowment policies, 
All other policies, . 
Reversionary additions, . 

Totals, . 



. 13,963 
. 3,117 
. 3,132 



$852,731 00 

280,227 00 

22,000 00 

1,441,166 00 

5,809,050 00 

29,000 00 

762,995,00 



1,197,169 00 



142,368,910 00 

7,953,461 00 

8,531,750 00 

86,205 00 



.20,212 $58,940,326 00 



Bank stock, 

Railroad stock, .... 

Railroad bonds, .... 
City and town loan and U. S. bonds, 
Manufacturing stocks, 



Schedule A. 

Securities held as Collateral. 

Market value. 

$53,463 00 

113,500 00 

92,660 00 

733 00 
. 216,558 00 



Philadelphia renewals, 



20,000 00 



Amount loaned. 

$46,200 00 

85,000 00 

79,221 62 

600 00 

167,200 00 

5,000 00 



$496,914 00 $383,221 62 



Schedule B. 

Stocks and Bonds owned by the 

72 shares Atlantic Nat'l Bank, 

100 " Bay State Natl Bank, . 

333 " Boston Nat'l Bank, 

100 " Continental Nat'l Bank, 

50 " First Nat'l Bank of Cambridge, 

21 " Massachusetts Nat'l Bank, . 

91 " Merchants' Nat'l Bank, . 

160 " Nat'l City Bank of Lynn, /^&\ 



Company. 

Cost value. 

$7,101 00 
7,500 00 

33,300 00 

10,000 00 
5,000 00 
5,250 00 
9,100 00 

16,000 00 




Market value. 

$9,288 00 

7,650 00 

39,960 00 

10,700 00 

9,000 00 

6,352 50 

12,740 00 

20,800 00 



20 



MASSACHUSETTS LIFE 



[Dec. 31 



240 shares Nat'l Eagle Bank, . 

150 " Nat'l Hide and Leather Bank, 

200 " Nat'l Revere Bank, 

120 " State Nat'l Bank, . 

320 " Tremont Nat'l Bank, . 

200 " Nat'l Webster Bank, 

250 " Boston S. D. and Trust Co., . 

250 " Merchandise Nat'l Bank, 

744 " Boston and Albany R. R. Co., 

300 " Boston and Providence R. R. Co 

800 " Chicago, Bur. and QuincyR.R. Co 

800 " Conn, and Passumpsic R. R. Co 

300 " Eastern R. R. Co., . 

300 " Phila., Wil. and Balti. R. R. Co., 

120 " Fitchburg R. R. Co., 

150 " N. Y. and New Haven R. R. Co., 

850 " Norwich and Worcester R. R. Co 

100 " Northern R. R. Co., 

200 •' Conn. River R. R. Co., . 

220 " Chicago and Alton R. R. Co., 

400 " Portsmouth, Gt. F. and C. R. R. Co. 

200 " P., Saco and P. R. R. Co., . 

105 " Eastern R. R. of N. H., . 

Eastern R. R. Co. bonds, 

Phila., Wil. and Balti. R R. bonds, 

Agricultural Branch R. 11. bonds, . 

Michigan Central R. R. bonds, 

Boston and Lowell R. R. bonds, 

Boston, Concord and Montreal R. R. bonds, 

Chicago, Bur. and Quincy R. R. bonds, . 

Worcester and Nashua R. R. bonds, * 

New Haven and Derby R. R. bonds, . • 

Nashua and Rochester R. R. bonds, 

Albany city loan, 

Boston city loan, 

Charlestown water loan 

Chicago sewerage loan, 

Connecticut State loan, 

Hartford city loan, . 

Chelsea city loan, . 

Lawrence city loan, 

Lynn water loan, 

Dorchester city loan, 

Nashua city loan, . 

Massachusetts State loan 

Portland city loan, . 

Roxbury city loan, . 

Rhode Island State loan, 

Cincinnati city loan, 



$24,000 00 
15,000 00 
20,000 00 
10,273 10 
31,951 25 
20,000 00 
25,000 00 
25,000 00 
74,400 00 
29,950 00 
80,000 00 
69,363 25 
30,000 00 
15,000 00 
11,752 00 
15,000 00 
84,925 25 
10,000 00 
20,000 00 
22,000 00 
40,000 00 
20,000 00 
10,475 00 

237,548 34 

75,871 67 

14,895 00 

73,000 00 

9,926 66 

598,230 00 

120,000 00 
75,000 00 
14,250 00 

116,191 66 
23,256 00 

387,736 12 

72,716 67 

70,350 00 

6,000 00 

100,000 00 

231,504 17 

186,210 83 

1,000 00 

98,000 00 

15,000 00 

124,172 35 

7,000 00 

4,000 00 

60,000 00 

95,000 00 



127,120 00 
16,237 50 
21,900 00 
13,440 00 
35,520 00 
20,350 00 
25,000 00 
26,250 00 
95,232 00 
89,300 00 
93,400 00 
30,400 00 
1,725 00 
18,450 00 
12,960 00 
22,500 00 

106,675 00 
6,400 00 
26,000 00 
22,000 00 
1,800 00 
9,000 00 
3,255 00 

137,120 68 
83,200 00 
15,300 00 
58,400 00 
10,000 00 

597,550 00 

131,400 00 
75,000 00 
15,750 00 

106,250 00 
28,600 00 

416,115 00 

75,000 00 

80,625 00 

6,600 00 

108,000 00 

253,590 00 

201,160 00 
1,070 00 

100,940 00 
15,000 00 

147,705 00 

7,210 00 

' 4,000 00 

66,000 00 

102,200 00 



1876.] 



INSURANCE COMPANIES. 



21. 



Beverly town loan, . 

Worcester water loan, 

Loan to Eastern R. R., 

Lowell city loan, 

Erookline town loan, 

Worcester city loan, 

Somerville city loan, 

Barre town loan, 

Fitch burg city loan, 

Springfield city loan, 

Providence city loan, , 

Loan to Providence and Worcester R. R 

Norwich city loan, . 

Meriden town loan, 

Fall River city loan, 

Cambridge city loan, 

Maine State loan, . 

Holyoke city loan, . 

Newton city loan, . 

Haverhill city loan, 

New York city loan, 

Mercantile Trust Co. loan, 

New England Mortgage Security Co- loan, 

New Bedford city loan, . 

Salem city loan, 

55 shares Boston Gas Light Co., 
5 " Dwight Manufacturing Co., 
5 " Massachusetts Cotton Mills, 

United States bonds, 



1290,000 00 

110,000 00 

9,758 00 

56,533 33 

475,100 00 

495,000 00 

70,000 00 

50,220 00 

125,485 17 

126,000 00 

146,403 06 

100,000 00 

50,000 00 

100,000 00 

203,000 00 

2,000 00 

17,500 00 

5,000 00 

60,000 00 

5,000 00 

300,000 00 

50,000 00 

100,000 00 

10,000 00 

10,000 00 

27,500 00 

5,000 00 

5,000 00 

665,335 00 



$309,100 00 

118,800 00 

5,200 00 

61,275 00 

498,855 00 

540,000 00 

72,800 00 

55,620 00 

134,620 00 

146,160 00 

169,560 00 

105,000 00 

55,000 00 

'110,000 00 

213,150 00 

2,040 00 

19,425 00 

5,250 00 

66,000 00 

5,300 00 

324,000 00 

51,000 00 

105,000 00 

10,250 00 

10,900 00 

44,412 50 

1,750 00 

5,200 00 

743,877 50 



',284,034 88 $7,624,735 68 



STATE MUTUAL LTFE ASSURANCE COMPANY, WORCESTER. 

[Incorporated March 16, 1844. Commenced business June 1, 1845.] 

Isaac Davis, President. Secretary, Clarendon Harris. 

Emory Washburn, ^ 

Charles L. Putnam, ) ^-Presidents. Actuary, William E. Starr. 

Principal Office, Worcester. 

Income. 

Total premium income, . $287,103 10 

Cash received for interest on stocks, bonds and loans, . 111,118 57 



Total income, .......... $398,221 67 

Net or ledger assets, December 31, 1875, .... 1,843,48005 



Total $2,241,701 72 



22 



MASSACHUSETTS LIFE 



[Dec. 31, 



Disbursements. 
Cash paid for losses and additions, .... 
for matured endowments and additions, 

Gross amount paid for losses and endowments, . 
Cash paid for allocated dividends, surrendered, . 

for surrendered policies, .... 
Cash dividends paid policy-holders, applied in payment of 

premiums, . 

Total paid policy-holders, . . . $196,660 18 

Cash paid for commissions to agents, . . . • . 

for salaries and travelling expenses of agents, 

for medical examiners 1 fees, 

for salaries of officers and office expenses, . 

for taxes and fees, 

for rent, . . . . ... 

Total disbursements, ...... 



Balance, 



$83,900 00 
10,770 00 



,670 00 
4,554 85 
24,548 26 

72,887 07 

21,337 01 
2,010 91 
1,180 00 

18,727 91 
1,298 56 
2,000 00 

$243,214 57 

1,998,487 15 



Invested in the following : — 

Assets as pe,r Ledger Accounts 

Cash value of real estate, 

Loans on mortgage of real estate (first liens), . 

on collateral security (schedule A), . 
Premium notes or loans on policies in force, 
Cost value of stocks and bonds owned (schedule B), 

Cash deposited in bank, 

Agents 1 ledger balances, ... 

Ledger assets (as per balance) 

Other Assets. 

Interest due and accrued, 

Market value of stocks and bonds over cost, 

Total assets per company^ books, 

Items not Admitted. 



Agents 1 balances, 

Total admitted assets, 

Liabilities. 

Computed premium reserve or net present value of all out- 
standing policies (Actuaries 1 4 per cent.) , 

Death losses and matured endowments in 
process of adjustment, .... $7,000 00 



$50,000 00 

159,359 00 

1,900 00 

23,010 51 

1,470,336 08 

293,444 37 

437 19 

^1,998,487 15 



12,350 00 
71,193 67 

$2,082,030 82 



437 19 

$2,081,593 63 



1,743,632 00 



1876.] INSURANCE COMPANIES. 23 

Claims resisted by the company, . . . $10,000 00 

Total policy claims, .... $17,000 00 

Unpaid dividends of surplus due policy-holders, . . . 3,062 02 



Liabilities as to policy-holders, $1,763,694 02 

Surplus as regards policy-holders, .... 317,899 61 



Gross liabilities, . * . $2,081,593 63 

Premium Note Account. 

Premium notes on hand, December 31, 1875, $25,449 04 

" " or loans received during 1876, 

Total, 

Used in payment of surrendered policies and 

voided by lapse, 

Redeemed by maker in cash, 

Total, 

Balance note assets, December 31, 1876, 

Exhibit of Policies. 

Policies and Additions in force December 31, 1875. 

Number. Amount. 

Whole-life policies, 3,728 $7,883,697 00 

Endowment policies, 1,005 1,975,124 00 

All other policies, 12 15,500 00 

New Policies Issued in 1876. 

Whole-life policies, 244 736,500 00 

Endowment policies, 51 135,000 00 



43,688 30 


$69,137 34 
46,126 83 


$1,729 52 
44,397 31 




% f 


$23,010 51 



Total number and amount, . . . . 5,040 $10,745,821 00 

Policies ceased to be in force during the year. 
Terminated by death, 

by maturity, 
by expiry, . 
by surrender, 
by lapse, 

Total terminated, 

Policies in force December 31, 1876. 

Whole-life policies, 3,860 $8,400,297 00 

Endowment policies, 959 1,897,974 00 

All other policies, 7 10,000 00 



45 


$79,400 00 


6 


11,150 00 


5 


5,500 00 


95 


226,000 00 


63 


115,500 00 


. 214 


$437,550 00 



Totals, 4,826 $10,308,271 00 



24 



MASSACHUSETTS LIFE 



[Dec. 31, 



Schedule A. 

Securities held as Collateral. 



Quinsigamond Bank stock, 



Market value. 

$2,280 00 



Loaned thereon. 

$1,900 00 



Schedule B. 

Stocks and Bonds owned by 



United States bonds, 

Springfield city bonds, 

Meriden city bonds, 

Lowell city bonds, . 

Worcester city bonds, 

Portland city bonds, 

Newton city bonds, . 

Northampton city bonds, 

Newburyport city bonds, 

Lynn city bonds, 

Lawrence city bonds, 

Cambridge city bonds, . 

Bangor city bonds, . 

Providence city bonds, . 

Medway town bonds, 

Upton town bonds, . 

Williamstown town bonds, 

Dudley town bonds, 

Winthrop town bonds; 

West Springfield town bonds, 

Amesbury town bonds, 

Brookline town bonds, 

Boston & Albany R. R. bonds, 

Worcester Su Nashua R. R. bonds, 

Providence & Worcester R. R. bonds, 

50 shares Westminster Nat'l Bank, 
100 

20 

35 

25 

40 
187 

80 

50 

50 

79 

50 

90 

75 
100 



Third Nat'l Bank, . 
Northborough Nat'l Bank, 
Worcester Nat'l Bank, . 
Central Nat'l Bank, 
City Nat'l Bank, . 
Quinsigamond Nat'l Bank, 
Millbury Nat'l Bank,' . 
Leicester Nat'l Bank, 
Wachusett Nat'l Bank, . 
Grafton Nat'l Bank, 
Webster Nat'l Bank, . 
Revere Nat'l Bank, 
Republic Nat'l Bank, . 
Tremont Nat'l Bank, 



the Company. 

Cost value. 

$322,348 59 

128,445 00 

42,785 00 

10,500 00 

53,000 00 

28,841 49 

26,750 00 

23,500 00 

' 6,300 00 

35,500 00 

75,000 00 

14,642 50 

26,375 00 

25,250 00 

10,350 00 

14,160 00 

11,337 50 

10,150 00 

10,200 00 

12,625 00 

10,400 00 

35,000 00 

103,000 00 

1^1,500 00 

125,000 00 

5,000 00 

10,000 00 

2,000 00 

4,900 00 

2,500 00 

4,000 00 

18,790 00 

8,000 00 

5,525 00 

5,000 00 

7,900 00 

5,275 00 

9,061 25 

7,562 50 

13,300 00 



Market value. 

,215 50 

134,975 00 

43,260 00 

10,475 00 

54,207 50 

30,675 00 

26,750 00 

25,750 00 

6,300 00 

35,475 00 

73,150 00 

15,750 00 

25,500 00 

25,250 00 

10,350 00 

14,160 00 

11,337 50 

10,150 00 

10,250 00 

12,625 00 

11,300 00 

35,000 00 

103,000 00 

101,500 00 

125,000 00 

5,000 00 

16,500 00 

2,700 00 

. 4,375 00 

3,350 00 

■ 5,120 00 

19,074 00 

9,520 00 

5,950 00 

5,000 00 

9,322 00 

5,087 50 

9,855 00 

9,881 25 

11,100 00 



1876.] 



INSURANCE COMPANIES. 



25 



25 sha 


,res Suffolk Nat 1 ! Bank, 


$3,350 00 


$3,025 00 


100 ' 


' Continental Nat'l Bank, 


10,012 50 


10,700 00 


112 ' 


' Hide and Leather Nat'l Bank, 


11,575 00 


12,124 00 


167 ' 


' Howard Nat'l Bank, 


17,115 50 


18,950 00 


195 ' 


' Atlantic Nat'l Bank, 


24,723 75 


25,155 00 


115 ' 


' Mutual Redemption Nat'l Bank, 


15,985 00 


16,675 00 


67 ' 


' Shawmut Nat'l Bank, . 


6,725 00 


8,040 00 


50 ' 


' First Nat'l Bank, . 


5,000 00 


10,000 00 


40 « 


' Eliot Nat'l Bank, . 


4,075 50 


4,420 00 



$1,470,336 08 $1,541,329 25 



LIFE INSURANCE COMPANIES 

OF OTHEE STATES. 



Detailed Statements of Assets and Liabilities, with Abstract 
of Annual Statements, for the Year ending- 
December 31, 1876. 



28 



LIFE INSURANCE COMPANIES [Dec. 31 



DETAILED STATEMENTS OF ASSETS AND LIABILITIES, 



iETNA LIFE INSURANCE COMPANY, HARTFORD, CONN, 

[Incorporated 1820. Commenced business 1850.] 

Paid-up Capital, $150,000. 

T. O. Enders, President. Secretary, J. L. English. 

Austin Dunham, Vice-President. Actuary, H. W. St. John. 

Principal Office, 228 Main Street. 

Attorney to accept service, Dwight Chester, Boston. 

Income. 

Total premium income, .....'.. $3,588,758 24 

Cash received for interest on stocks, bonds and loans, . -1,367,914 38 

for interest on other debts due the company, 50,372 54 

as discount on claims paid in advance,. . 5,051 55 

for profits on bonds, stocks or gold sold, . 9,409 39 



Total income, ........ 

Net or ledger assets, December 31, 1875, 

Total, . ... 

Disbursements. 
Cash paid for losses and additions, .... 
Premium notes or loans used in payment of same, 
Cash paid for matured endowments and additions, 
Premium notes or loans used in payment of same, 

Gross amount paid for losses and endowments, . 
Received for losses and claims on policies re-insured, . 

Net amount paid for losses and endowments, 
Cash paid for surrendered policies, .... 
Premium notes or loans used in purchase of surrendered 

policies and voided by lapse, 

Cash dividends paid policy-holders, .... 
Premium notes or loans used in payment of dividends, 



. $5,021,506 10 
.. 21,072,087 76 

$26,093,593 86 



$1,139,974 44 

87,263 18 

337,386 88 

69,676 12 

$1,634,300 62 
13,876 62 

$1,620,424 00 
783,313 31 

323,108 61 
239,506 63 
387,283 28 



Total paid policy-holders, 



(,353,635 83 



1876.] 



OF OTHER STATES. 



29 



Cash paid for dividends to stockholders, 

for commissions to agents, .... 
for salaries and travelling expenses of agents, 
for medical examiners 1 fees, 
for salaries of officers and office employes, . 
for taxes and fees, ..... 

for rent, . 

for furniture and office fixtures, . 

for advertising, 

for office and incidental expenses, 

Total disbursements, 



Balance, 



Invested in the following : — 

Assets as per Ledger Accounts. 

Cost value of real estate, .... 
Loans on mortgage of real estate (first liens), 
Loans on collateral security (schedule A), . 
Premium notes or loans on policies in force, 
Cost value of stocks and bonds owned (schedule B), 
Cash in company's office, 
Cash deposited in bank, 
Bills receivable, secured, 

" " not secured, 

Agents' ledger balances, 

Ledger assets (as 'per balance) , 

Other Assets. 

Interest due and accrued, 

Market value of stocks and bonds, over cost, 
Re insurance due from other companies, 
Uncollected premiums on policies in force, . 
Deferred premiums on policies in force, 

Total, 
Deduct loading (25 per cent.), 
Net am't of uncollected and deferred prem's, 



$45,000 00 

263,407 62 

8,871 89 

16,143 98 

65,850 59 

115,037 63 

9,065 43 

551 49 

3,358 49 

' 29,259 77 

$3,910,182 72 

522 183,411 14 



. 






$184,690 


48 


. 






9,743,607 


04 


. 






208,031 


62 


. 






3,764,626 


02 


>B), 






. 7,102,086 
18,046 
1,032,787 
33,489 
51,371 
44,674 


70 
70 
05 
40 
86 
27 


• 




$22,183,411 14 




. $686,106 28 


. 


228,428 


33 


. 


25,000 


00 


$99,714 


50 




134,9 


88 


7( 


) 





$234,703 
67,048 



20 
02 



Total assets per company's books, 

Items not Admitted. 

Agents' balances, 

Bills receivable, 

Total, 

» Total admitted assets, * . 





167,655 18 


$23,290,600 93 

$44,674 27 
51,371 86 

no (\ad i o 




t/UjVtru xu 


, , 


$23,194,554 80 



30 LIFE INSURANCE COMPANIES [Dec. 31, 

Liabilities. 
Computed premium reserve or net present 
value of all outstanding policies (Actua- 
ries 1 4 per cent.) $20,305,030 00 

Deduct net value of re-insured risks, . . 105,805 00 

Net reinsurance reserve, . . . $20,199,225 00 

Death losses due and unpaid, . . . $28,722 00 
Matured endowments due and unpaid, . . 5,360 00 

Death losses and matured endowments in 

process of adjustment, .... 280,173 00 
Claims resisted by the company, . . . 86,380 55 

Total policy claims, .... ■ 400,635 55 

Unpaid dividends of surplus due policy-holders, . . . 102,658 86 
All other liabilities : bills payable, 17,304 67 



Liabilities as to policy-holders, .... $20,719,824 08 
Surplus as regards policy-holders, . . . . 2,474,730 72 



Gross liabilities, $23,194,554 80 



Premium Note Account. 

Premium notes on hand, Dec. 31, 1875, . $4,217,607 30 

Premium notes or loans received during 1876, 421,190 53 

Total, $4,638,797 83 

Used in payment of losses and claims, . $156,939 30 
of surrendered policies and 

voided by lapse, . . 323,108 61 
of dividends to policy-hold- 
ers 387,283 28 

Redeemed by maker in cash, . . . 6,840 62 

Total, 874,171 81 



Balance note assets, December 31, 1876, . ; . $3,764,626 02 



Exhibit of Policies. * 

Policies mid Additions in force December 31, 1875. 

Number. Amount. 

Whole-life policies, 34,495 $62,877,363 00 

Endowment policies, . . . . . . 19,853 22,390,846 00 

All other policies, 2,395 6,185,801 00 

New Policies Issued in 1876. 

Whole-life policies., 3,678 5,575,975 00 

Endowment policies, 1,420 1,410,906 00 

All other policies, * 1,014 2,414,379 00 



1876.] 



OF OTHER STATES. 



31 



Old Folicies Revived during the year. 

Whole-life policies, 16 

Endowment policies, . . . . . . 9 

All other policies, 11 



,135 00 
37,268 00 
35,600 00 



Total number and amount, 



. 62,891 $101,011,273 00 



Policies ceased to be in force during the year. 

Terminated by death, 638 

by maturity, 
by expiry, . 



by surrender, 
by lapse, 



Not taken, 



369 
10 
2,684 
1,272 

931 



$1,276,704 00 

408,682 00 

42,750 00 

4,953,216 00 

5,423,147 00 

1,521,220 00 



Total terminated, . . . . . . 5,904 $13,625,719 00 



Policies in force December 31, 1876. 

Whole-life policies, • . 35,804 

Endowment policies, 18,560 

All other policies, ■ . . 2,623 

Totals, 56,987 



$59,877,131 00 

20,778,070 00 

6,730,353 00 



17,385,554 00 



Schedule A. 

Securities held as Collateral. 



50 shares Hartford Carpet Co., . 
1200 " Willimantic Linen Co., 

76 " ^tna Fire Ins. Co., . 

85 " Union Salt Co., . 
Keithsburgh township bond, . 
Dayton town bond, . 
Mt. Pulaski township bond, . 
100 shares Willimantic Linen Co., 



13 

100 
125 

50' 
8 

24 
168 
520 

40 
150 
425 



United States Trust Co., 
Hartford City Coal and Salt 
United States Trust Co., 



American Screw Co., . 
Agawam Canal Co., . 
iEtna Fire Ins. Co., 
Wheeler <fc Wilson Manuf. 
iEtna Fire Ins. Co., 
United States Trust Co., 
Willimantic Linen Co., 



Mortgages assigned, 



Co. 



Co., 



Market value. 


Imount loaned. 


$10,500 00 >| 




79,200 00 I 


$62,148 59 


17,860 00 J 




42,500 00 


25,000 00 


1,500 00 >> 




1,000 00 I 


2,680 00 


1,000 00 J 




6,600 00 >| 




1,235 00 ' 

2,500 00 i 

11,875 00 J 


17,300 00 




4,750 00 


4,000 00 


3,040 00^ 
600 00/ 


366 97 


39,480 00^1 
65,000 00 / 


56,068 75 


9,400 00 \ 
14,250 00/ 


23,267 31 


28,050 00 


13,300 00 


5,300 00 


3,900 00 



$345,640 00 $208,031 62 



32 



LIFE INSURANCE COMPANIES [Dec. 31, 



Schedule B. 

Stocks and Bonds owned by the Company. 

Cost value. Market value. 

235 shares Conn. River Banking Co., . . $17,545 00 $11,045 00 

100 " Metropolitan Bank, N. Y., . . 13,437 50 13,000 00 

918 " Phoenix Nat'l Bank, Hartford, . 124,285 50 146,880 00 

400 " Mercantile Nat 1 ! Bank, Hartford, 42,885 25 50,000 00 

560 " City Nat'l Bank, Hartford, . . 60,900 75 53,200 00 

750 ". Hartford Nat'l Bank, Hartford, . 107,720 25 117,000 00 

739 " First Nat'l Bank, Hartford, . . 92,060 66 76,856 00 

1552 " Nat'l Exchange Bank, Hartford, . 93,729 80 100,880 00 

1608 " American Nat'l Bank, Hartford, . 93,576 87 112,560 00 

807 " Farmers and Mechanics' Bank, . . 102,451 25 102,489 00 

200 " Suffield Nat'l Bank, . . . 21,800 00 23,400 00 

250 " New Britain Nat'l Bank, . . 28,450 00 31,250 00 

836 " Charter Oak Nat'l Bank, Hart'd, 97,572 25 110,352 00 

700 " -Etna Nat'l Bank, Hartford, . 79,969 46 88,900 00 

200 " Hartford Trust Co., . . . 20,825 00 18,400 00 

50 " United States Trust Co., Hart'd, . 5,262 50 4,750 00 

200 " Rockville Nat'l Bank, . . . 20,000 00 21,100 00 

100 " Security Co., . > . . . 10,000 00 10,000 00 

United States gov't bonds, . ' . . . 356,350 63 377,128 75 

368 shares Conn. River R. R., 39,372 25 48,576 00 

63 " .Etna Fire Ins. Co., . . . 17,136 68 14,805 00 

955 " N. Y., N. H. and Hart. R. R., . 140,051 75 145,160 00 

Indianapolis and Cin. R. R. bonds, . . . 47,380 00 42,500 00 

Columbus and Indianapolis R. R. bonds, . 45,000 00 40,000 00 

Cin. and Indiana R. R. bonds, . . . 20,675 00 20,880 00 

Cleve., Paine, and Ashtabula R. R. bonds, . 25,67125 26,520 00 

Dayton and Michigan R. R. bonds, . . 13,950 00 16,120 00 

Little Miami R. R. bonds, . . . . • 890 00 910 00 

New York Central R. R. bonds, . . . 3,810 00 4,160 00 

Union Pacific R. R. bonds, . 30,690 00 31,800 00 

Harlem and Pt. Chester R. R. bonds, . . 99,500 00 106,000 00 

N. Y. Central and Hudson River R. R. bonds, 100,000 00 118,000 00 

Keokuk and Des Moines Val. R. R. bonds, . 21,054 00 16,011 00 

Indiana Central R. R. bonds, .... 9,225 00 9,000 00 

Cleveland and Pittsburg R. R. bonds, . . 747 50 1.000 00 

So. Minnesota R. R. bonds, .... 20,11000 12,06600 

" , " .... 37,250 00 10,400 00 

Atlantic Dock bonds, 23,750 00 25,500 00 

Terre Haute city bonds, 61,400 00 67,000 00 

Richmond city bonds, 20,500 00 25,000 00 

"8s, .... 30,000 00 30,000 00 

Edgar county bonds, 53,600 00 53,600 00 

Paris township bonds, . . . . . 12,000 00 12,000 00 

Mobile city bonds, . * . . . . 120,000 00 120,000 00 

Georgetown township bonds, .... 30,000 00 30,000 00 

Newman township bonds, .... 11,70000 11,70000 



1876.] 



OF OTHER STATES. 



33 



Camargo township bonds, 

Garrett township bonds, . 

Elwood township bonds,. 

Hartford town 10-30 bonds, 

Warren county bonds, 

Hartford city (non-taxable) bonds, 

Hartford town (non-taxable) bonds, 

Hartford capitol (non-taxable) bonds, 

Hartford funded debt bonds, 

Cleveland city bonds, 

Louisville city bonds, 

Marion county court-house bonds, 

Munroe county bonds, 

Papineau township bonds, 

Macon county bonds, 

South Carolina bonds, 

Ford county bonds, . 

Brooklyn township bonds, 

Adams county bonds, 

Kansas city (Mo.) bonds, 

Mt. Pulaski bonds, . 

Town of Grant bonds, 

Penn township bonds, 

Moline town bonds, 

New Britain city bonds, . 

Christian county bonds, . 

Cook county bonds, 

Sangamon county bonds, 

10s, 

Virginia state bonds, 

Chicago water loan bonds, 

Springfield (111.) bonds, . 
" " " 8s, 

" " water bonds 

Tennessee state bonds, . 

Edgewood town bonds, . 

West Hartford town bonds, 

Rock Island town bonds, 

Elizabeth city funded debt bonds, 

" " street improvement bond 

Grand Rapids city bonds, 

Lenox town bonds, . 

Green county bonds, 

Hartford town bonds, 

Peoria city bonds, . 

Danbury town bonds, 

Astoria town bonds, 

Ottawa city bonds, . 

Kankakee county bonds, 
5 



$14,625 00 
12,675 00 
32,000 00 
21,000 00 
930 00 
68,950 00 
10,975 00 
87,740 00 

211,620 00 

233,230 00 
89,750 00 
99,500 00 
35,000 00 
6,000 00 
46,475 00 
26,545 00 
58,000 00 
46,750 00 
37,937 50 
90,500 00 
30,000 00 
20,453 22 
18,525 00 
19,750 00 

130,689 00 
18,800 00 
22,750 00 
23,500 00 
15,750 00 
20,986 00 
50,000 00 
6,995 00 
42,240 00 
37,970 00 
31,301 00 
8,850 00 
15,000 00 
41,125 00 

124,572 50 
40,007 50 
34,581 83 
8,400 00 
18,200 00 
18,710 00 

100,200 00 

18,050 00 

4,500 00 

10,000 00 

24,687 50 



$14,625 00 

12,675 00 

32,000 00 

22,470 00 

930 00 

73,830 00 

11,770 00 

94,160 00 

233,100 00 

246,750 00 

102,000 00 

102,000 00 

35,000 00 

6,000 00 

46,475 00 

17,500 00 

58,000 00 

46,750 00 

42,500 00 

97,000 00 

30,000 00 

20,453 22 

18,525 00 

19,750 00 

136,500 00 

18,800 00 

26,250 00 

25,500 00 

16,050 00 

14,434 68 

52,500 00 

7,490 00 

44,880 00 

52,430 00 

13,600 00 

8,850 00 

15,000 00 

41,125 00 

133,280 00 

43,120 00 

34,581 83 

8,400 00 

18,200 00 

19,000 00 

107,060 00 

18,050 00 

4,500 00 

10,000 00 

24,687 50 



34 



LIFE INSURANCE COMPANIES [Dec. 31, 



Woodland town bonds, 
Toledo city bonds, . 
Browning town bonds, 
Beardstown city bonds, 
Bushnell town bonds, 
Peoria city bonds, 10s, 
Macoupin county bonds, 
Mississippi state warrants, 
Virginia town bonds, 
Ricks township bonds, 
Sangamon county bonds, 
White county bonds, 
Gallatin county bonds, 
Areola town bonds, . 
Moultrie county bonds, 
Randolph county bonds, 
Mattoon town bonds, 
Winchester town bonds, 
Urbana township bonds, 
New Boston city bonds, 
Middleport town bonds, 
Belmont town bonds, 
Galva town bonds, . 
Milford township bonds, 
Keithsburgh town bonds, 
De Witt township bonds, 
De Witt county bonds, . 
Ross town bonds, . 
Aurora town bonds, 
Evans town bonds, . 
Wabash county bonds, . 
Cleveland city funded debt bonds, 
Jersey city bonds, . 
Newark city bonds, . 
Buffalo city water bonds, 
Morgan county bonds, . 
Pes Moines city bonds, . 
Fort Wayne city bonds, . 
Indianapolis city bonds, . 
Quincy city bonds, . 
Milwaukee city water bonds, 
Cincinnati city bonds, 
Hudson county bonds, 
N. Y. consolidated stock, 
Hartford city bonds, 
Hartford county bonds, . 
Logansport bonds, . 
St. Paul city bonds, . 
Iroquois county bonds, . 



$4,500 00 

7,400 00 

4,500 00 

2,980 00 

21,875 00 

16,000 00 

43,400 00 

8,786 05 

2,500 00 

6,980 00 

46,000 00 

10,860 00 

10,400 00 

24,375 00 

45,240 00 

51,330 00 

20,250 00 

9,600 00 

7,680 00 

9,750 00 

14,700 00 

14,700 00 

14,700 00 

15,204 80 

23,000 00 

9,950 00 

29,850 00 

28,802 70 

11,860 00 

2,895 00 

26,100 00 

52,390 00 

122,900 00 

172,015 00 

99,750 00 

2,475 00 

40,000 00 

40,305 00 

369,970 00 

37,564 00 

97,500 00 

100,000 00 

49,843 75 

104,000 00 

4,151 75 

120,000 00 

61,200 00 

52,350 00 

55,221 50 



$4,500 00 

8,000 00 

4,500 00 

3,500 00 

21,875 00 

16,160 00 

12,900 00 

8,786 05 

2,500 00 

6,980 00 

50,000 00 

10,860 00 

10,400 00 

24,375 00 

45,240 00 

51,330 00 

20,250 00 

9,600 00 

7,680 00 

9,750 00 

14,700 00 

14,700 00 

14,700 00 

15,204 80 

23,000 00 

9,950 00 

29,850 00 

28,802 70 

11,860 00 

2,895 00 

26,100 00 

54,600 00 

140,400 00 

187,920 00 

105,000 00 

2,475 00 

40,800 00 

40,305 00 

380,000 00 

37,564 00 

105,000 00 

105,000 00 

52,000 00 

112,000 00 

4,080 00 

120,000 00 

61,200 00 

52,350 00 

55,221 50 



1876.] 



OF OTHER STATES. 



35 



East Windsor town bonds, 
Ramsey county bonds, . 
Marion county bonds, 
Kansas state bonds, 
Brooklyn township bonds, 
Papineau coupons, . 



$29,700 00 

32,000 00 

200,250 00 

99,750 00 

1,000 00 

500 00 



$29,700 00 

32,000 00 

204,000 00 

100,000 00 

1,000 00 

500 00 



$7,102,086 70 $7,330,515 03 



^CHARTER OAK LIFE INSURANCE COMPANY, OF HARTFORD, 

CONN. 

[Incorporated May, 1850. Commenced business October, 1850.] 

Paid-up Capital, $200,000. 

E. R. Wiggin, President. Secretary, Halset Stevens. 

S. H. White, Vice-President. Actuary, L. W. Meech. 

Principal Office, Hartford. 
Attorney to accept service, George B. Hilliard, Boston. 



Income. 

Total premium income, 

Cash received for interest on stocks, bonds and loans, 
for rents of company's property, . 



. $2,530,924 45 

680,678 33 

42,982 30 



Total income, $3,254,585 08 

Net or ledger assets, December 31, 1875, . $13,357,548 63 
Marked off during the year, .... 616,496 30 

Balance net assets, 12,741,052 33 



Total, 



Disbursements. ' 

Cash paid for losses and additions, 

for matured endowments and additions, 

Gross amount paid for losses and endowments, . 

Cash paid for surrendered policies, 

Premium notes or loans used in purchase of surrendered 

policies and voided by lapse, 

Cash dividends paid policy-holders, $29,211.25; premium 

notes or loans applied in paym't of dividends, $48,160, 

Total paid policy-holders, . . . $2,215,892 64 
Cash paid for commissions to agents, 

for salaries and travelling expenses of agents, . 
for medical examiners 1 fees, .... 
for salaries of officers and office employes, 



,995,637 41 



$700,284 81 
186,370 40 



,655 21 
958,025 88 

293,840 30 

77,371 25 



294,770 39 

20,450 70 

7,125 50 

103,245 04 



* For later information in regard to this company, see text. 



36 



LIFE INSURANCE COMPANIES [Dec. 31, 



Cash paid for taxes and fees, . . . .' $86,670 25 

for rent, 15,000 00 

for advertising, 19,357 88 

for other items; viz., fire insurance, $2,391.93; 
legal expenses, $32,820.26 ; office and inci- 
dental expenses, $102,891.14, 138,103 33 



Total disbursements, 
Balance, . 



Invested in the following : — 

Assets as per Ledger Accounts 

Cost value of re'al estate, .... 
Loans on mortgage of real estate (first liens), 

on collateral security (schedule A), . 
Premium notes or loans on policies in force, 
Cost value of stocks and bonds owned (schedule B) 
Cash in company's office, 
deposited in bank, 

Bills receivable, 

Agents' ledger balances, 

Ledger assets (as per balance), 
Deduct depreciation from cost of assets, 



Total net or ledger assets, 



. $2,900,615 73 
$13,095,021 68 



£4,155,180 54 

5,331,670 41 

304,239 43 

2,849,615 40 

242,470 00 

15,475 64 

105,326 18 

69,351 26 

11,692 82 

$13,085,021 68 
18,655 00 

$13,066,366 68 



Other Assets. 

Interest due and accrued, .... 
Kents due and accrued, .... 

Market value of real estate, over cost, 
Uncollected premiums on policies in force, . 
Deduct loading (10 per cent.), 
Net ain't of uncollected and deferred prem's, 

Total assets per company's books, 



265,211 21 

26,384 00 

173,600 00 



$102 407 71 
10,240 77 



92,166 94 

$13,623,728 83 



Items not Admitted. 
Agents' balances, $11,692 82 



Bills receivable, . 

Total admitted assets, . 



69,351 26 



81,044 08 
,542,684 75 



Liabilities. 

Computed premium reserve or net present value of all out- 
standing policies (Actuaries' 4 per cent.),. . . $13,187,97100 

Death losses and matured endowments in 
process of adjustment, .... $178,649 00 



1876.] 



OF OTHER STATES. 



37 



Claims resisted by the company, . . . $54,500 00 

Total policy claims, .... — 

All other liabilities : premiums paid in advance, . . 

Liabilities as to policy-holders, .... 
Surplus as regards policy-holders, 



Gross liabilities, 



- $233,149 00 
30,534 79 

$13,451,654 79 
91,029 96 



,542,684 75 



Premium Note Account. 

Premium notes on hand, Dec. 31, 1875, . $3,506,138 66 
marked off during the year, 616,496 30 



Balance, 

Premium notes or loans received during 1876 

Total, 

Used in payment of surrendered policies and 

voided by lapse, .... 
Used in pay't of dividends to policy-holders 
Redeemed by maker in cash, 

Total, 

Balance note assets, December 31, 1876, 



$2,889,642 36 
415,434 05 



$293,840 30 

48,160 00 

113,460 71 



1,305,076 41 



455,461 01 



. $2,849,615 40 



Exhibit of Policies. 
Policies and Additions in force December 31, 1875. 

Nnmber. Amount. 

Whole-life policies, 18,642 $46,509,810 00 

Endowment policies, 5,562 9,241,386 00 

All other policies, 2,277 3,045,131 00 



New Policies Issued in 1876. 



Whole-life policies, . 
Endowment policies, 
All other policies, . 



. 2,538 


5,343,228 00 


. 669 


692,170 00 


. 337 


571,860 00 



Old Policies Revived during the year. 

Whole-life policies, 535 1,566,755 00 

Endowment policies, 109 221,080 00 

All other policies, 80 117,315 00 



Total number and amount, 



. 30,749 $67,308,735 00 



Policies ceased to be in force during the year. 

Terminated by death, . . . . . .321 $798,016 00 

by maturity, 93 186,370 00 

by surrender, 2,401 5,998,600 00 



38 



LIFE INSURANCE COMPANIES [Dec. 31 



Terminated by lapse, 
Not taken, 



. 2,340 
. 456 



Total terminated, 



56,666,357 00 
1,165,335 00 



. 5,611 $14,814,678 00 



Policies in force December 31, 1876. 

Whole-life policies, 18,010 

Endowment policies, 5,094 

All other policies, 2,034 



$42,192,617 00 
7,759,059 00 
2,542,381 00 



Totals, 25,138 $52,494,057 00 



. Schedule A. 

Securities held as Collateral. 

Market value. 

Merchants 1 Loan and Trust Co. stock, N. J., 

Hartford Gas Light Co. stock, 

N. Y., N. H. and Hartford R. R. Co. stock, 

Conn. Western R. R. mortgage bonds, . 

Willimantic Linen Co. stock, . 

Weed Sewing Machine Co. stock, . 

Notes secured by mortgages, 



Pratt Reed Manufacturing Co. stock, 

New River W. P. and L. Co. stocks and b'ds 

First mortgage real estate bonds, . 



$10,000 00 
3,600 00 
5,400 00 
17,600 00 
56,200 00 
4,800 00 
50,470 69 
3,850 00 
800 00 
15,000 00 
32,000 00 
10,000 00 
50,000 00 
10,000 00 
71,000 00 



Amount loaned. 

$7,500 00 

2,000 00 

4,300 00 

14,950 00 

54,100 00 

4,500 00 

45,785 02 

3,850 00 

800 00 

11,974 41 

32,000 00 

5,000 00 

41,480 00 

5,000 00 

71,000 00 



$340,720 69 $304,239 43 

Schedule B. 

Blocks and Bonds owned by the Company. 

Cost value. Market value. 

Washington county (Neb.) bonds, . . . $15,000 00 $15,000 00 

Princeton (111.) city bonds 10,000 00 10,000 00 

St. Charles (Mo.) Bridge Co. bonds, . . 20,000 00 20,000 00 

Kansas city bonds, 10,000 00 10,000 00 

Leavenworth city bonds, .... 1,000 00 1,000 00 

Conn, and Western R. R. 1st mort. bonds, . 780 00 450 00 

Des Moines City Gas Co. bonds, . . . 50,000 00 50,000 00 

Merchants' Bank stock, St. Louis, . . . 1,750 00 1,750 00 

Hartford Trust Co. stock, .... 14,00000 11,25000 

Conn. River Banking Co. stock, . . . 6,500 00 4,700 00 

Charter Oak Nat'l Bank stock, . . . 3,375 00 3,375 00 

Hartford Nat'l Bank stock 4,200 00 3,875 00 



1876.] 



OF OTHER STATES. 



39 



City Nat'l Bank stock, .... 

Conn. Trust and Safe Deposit Co. stock, 

iEtna Natl Bank stock, .... 

Phoenix Nat'l Bank stock, 

American Nat'l Bank stock, . 

U. S. Trust Co. stock, .... 

Farmers and Mechanics' Nat'l Bank stock, 

Security Company stock, 

N. Y., N. H. and Hartford R. R. stock, . 

Hartford City Gas Light Co. stock, 

Atlas Fire Ins. Co. stock, 



$2,750 00 
4,500 00 
3,325 00 
4,100 00 

56,250 00 
5,000 00 
2,625 00 

10,000 00 
7,500 00 
4,815 00 
5,000 00 



$2,325 00 
4,050 00 
3,225 00 
4,000 00 

54,000 00 
5,000 00 
3,250 00 

10,000 00 
7,500 00 
4,815 00 
4,250 00 



$242,470 00 $233,815 00 



CONNECTICUT GENERAL LIFE INSURANCE COMPANY, HART- 
FORD, CONN. 

[Incorporated May, 1865. Commenced business October, 1865.] 

Paid-up Capital, #250,000. 

Thomas W. Russell, President. Secretary, Fred'k V. Hudson. 

Principal Office, 7 Central Bow, Hartford. 

Attorney to accept service, Alfred Laws, Brockton. 

Income. 

Total premium income, f 252,847 38 

Cash received for interest on stocks, bonds and loans, . . 67,523 11 

from all other sources, 5,032 40 

Total income, $325,402 89 

Net or ledger assets, December 31, 1875, . . . .1,201,887 89 

Total, $1,527,290 78 

Disbursements. 

Cash paid for losses, $57,100 00 

for matured endowments, 33,688 88 



Gross amount paid for losses and endowments, . . $90,788 88 

Cash paid for surrendered policies, 44,859 85 

Premium notes or loans used in purchase of surrendered 

policies and voided by lapse, 9,478 27 

Cash dividends paid policy-holders, applied in payment of 

premiums, 6,124 82 

Premium notes or loans used in payment of dividends, . 7,185 87 



Total paid policy-holders, 



. $158,437 69 



40 



LIFE INSURANCE COMPANIES [Dec. 31, 



Cash paid for dividends to stockholders, 

for commission to agents, .... 
for salaries and travelling expenses of agents, 
for medical examiners' fees, .... 
for salaries of officers and office employes, . 

for taxes and fees, 

for furniture, office and agency expenses, 

Total disbursements, 



Balance, 



$20,000 00 
14,545 57 
15,393 25 
2,364 50 
13,737 37 
4,314 28 
22,590 62 

. $251,383 28 

$1,275,907 50 



Invested in the following : — 

Assets as per Ledger Accounts 

Cost value of real estate, 

Loans on mortgage of real estate (first liens), 

on collateral security (schedule A), . 

Premium notes or loans on policies in force, . 

Cost value of stocks and bonds owned (schedule B), 

Cash in company's office, 

Cash deposited in bank, 

Bills receivable, 

Agents' ledger balances, 



Ledger assets (as per balance), 
Deduct depreciation from cost of assets, 

Total net or ledger assets, 



$206,466 88 

568,503 60 

24,265 95 

141,866 71 

285,844 16 

463 67 

42,840 79 

5,542 28 

113 46 

11,275,907 50 
52,869 36 

f 1,223,038 14 



Other Assets. 

Interest due and accrued, .... 
Market value of stocks and bonds over cost, , 
Uncollected premiums on policies in force, . 
Deferred premiums on policies in force, 

Total, 

Deduct loading (20 per cent.), 

Net ain't of uncollected and deferred prem's, 

Total assets per company's books, . 



. $17,876 17 
11,249 59 



$11,891 53 
20,346 84 

$32,238 37 
6,447 68 



25,790 69 



.,277,954 59 



Agents' balances, 
Bills receivable, 
Total, 



Items not Admitted. 



$113 46 
5,542 28 



5,655 74 



Total admitted assets, 



,272,298 85 



1876.] OF OTHER STATES. 41 

Liabilities. 
Computed premium reserve or net present 
value of all outstanding policies (Actuaries' 

4 per cent,), $1,001,815 00 

Deduct net value of re-insured risks, . . 5,887 00 

Net re-insurance reserve, . . . $995,928 00 

Death losses and matured endowments in 

process of adjustment, .... $12,848 00 

Claims resisted by the company, . . 15,000 00 

Total policy claims, — 27,848 00 

All other liabilities : premiums paid in advance, . . . 4,945 76 
Pennsylvania State tax resisted, 2,722 50 



Liabilities as to policy-holders, .... $1,031,444 26 
Surplus as regards policy-holders, .... 240,854 59 



Gross liabilities, $1,272,298 85 



Premium Note Account. 

Premium notes on hand, December 31, 1875, . $145,103 69 

Premium notes or loans received during 1876, 27,613 67 

Total, $172,717 36 

Used in payment of surrendered policies and 

voided by lapse, . . $9,478 27 
of dividends to policy-hold- 
ers, 7,185 87 

Redeemed by maker in cash, .... 14,186 51 

Total, 30,850 65 



Balance note assets, December 31, 1876, . . . $141,866 71 



Exhibit of Policies. 

Policies and Additions in force December 31, 1875. 

Number. Amount. 

Whole-life policies, 2,764 $5,754,991 00 

Endowment policies, 589 736,749 00 

All other policies, 69 197,734 00 

New Policies Issued in 1876. 

Whole-life policies, 1,052 1,581,363 00 

Endowment policies, 37 49,101 00 

All other policies, 7 15,500 00 

Old Policies Bevived during the year. 
Whole-life policies, . . . . . . . 8 20,500 00 

Endowment policies, 2 4,000 00 

6 



42 



LIFE INSURANCE COMPANIES [Dec. 31, 



Old Policies increased during the year. 
Whole-life policies, ....... 

Endowment policies, ...... 



Total number and amount, 



. 4,528 



Policies ceased to be in force during the year. 

Terminated by death, 29 

by maturity, ..... 8 

by expiry, ...... 9 

by surrender, ..... 112 

by lapse, ...... 454 

by change and decrease, ... 2 

Not taken, ........ 226 



Total terminated, 



Policies in force December 31, 1876. 
Whole-life policies, ....... 3,064 

Endowment policies, ...... 566 

All other policies, 58 



$215 00 
667 00 



Totals, 



,,360,820 00 



$53,448 00 
33,688 00 
43,000 00 

270,632 00 

882,473 00 
49,469 00 

338,500 00 



840 $1,671,210 00 



1,878,784 00 
664,092 00 
146,734 00 



3,688 $6,689,610 00 



Schedule A. 

Securities held as Collateral. 

Market value. 

63 shares Pratt, Whitney & Co., . . . $5,040 00 

54 " U. S. Express Co., . . . . 2,916 00 

60 " N. Y., N. H. & Hartford R. R. Co., 9,000 00 

20 " First Nat'l Bank, Portland, . . 2,400 00 

5 " Travelers' Ins. Co., . . . . 850 00 

Medlicott Co. mort. bonds, .... 7,000 00 

70 shares Washburn Steel Tire Co., . . 5,250 00 

25 " Conn. Fire Ins. Co., . . . 2,750 00 

15 " Park Natl Bank, .... 1,680 00 



} 



Amount loaned. 

$3,500 00 
2,000 00 

9,515 95 

4,250 00 
3,500 00 

1,500 00 



$36,886 00 $24,265 95 



Schedule B. 

Stocks and Bonds owned by the Company. 



Cost value. 



United States 5-20 reg'd bonds, 
Connecticut State bonds, 
Cook County (111.) bonds, 
Chicago city bonds, 
Toledo (O.) city bonds, . 
Washington (Ind.) bonds, 



,800 00 
30,246 50 
4,750 00 
1,950 00 
9,500 00 
9,775 00 



Market value. 

$90,800 00 

33,000 00 

5,250 00 

2,000 00 

10,000 00 

9,775 00 



1876.] 



OF OTHER STATES. 



43 



Quincy (111.) bonds, .... 

Cin. & Indianapolis R. R. bonds, . 

L. S. & Michigan So. R. R, bonds, . 

Hartford, Prov. & Fishkill R. R. bonds, . 

125 shares N. Y., N. H. & Hartford R. R., 
33 " Shoe & Leather Nat'l Bank, . 
40 " Merchants' Exchange Natl Bank 
50 " Fourth Nat'l Bank, 
38 " Continental Nat'l Bank, 

216 " American Nat'l Bank, . 

104 " Phcenix Natl Bank, 
52 " Charter Oak Natl Bank, 
70 " Hartford Natl Bank, . 

100 " First Natl Bank, . 
9 " iEtna Nat'l Bank, . 
25 " Farmers and Mechanics' Natl B'k 
86 " Conn. Trust & S. D. Co., 

100 " Thames Nat'l Bank, 



$8,250 00 
9,610 00 
5,089 38 
4,910 00 

16,793 03 
3,780 00 
2,750 00 
5,193 00 
5,184 00 

13,538 00 

15,853 00 
6,700 00 

10,625 00 

13,978 25 
1,116 00 
3,325 00 
8,428 00 

13,700 00 



$9,130 00 
9,187 50 
5,761 25 
5,275 00 

18,750 00 
4,323 00 
1,920 00 
5,000 00 
2,584 00 

14,688 00 

16,120 00 
6,760 00 

10,780 00 

10,000 00 
1,125 00 
3,125 00 
7,740 00 

14,000 00 



$285,844 16 $297,093 75 



CONNECTICUT MUTUAL LIFE INSURANCE COMPANY, 
HARTFORD, CONN. 

[Incorporated June 15, 1846. Commenced business December 15, 1846.] 

James Goodwin, President. Secretary, Jacob L. Greene, 

Z. Preston and E. B. Watkinson, Vice-Presidents. 

Principal Office, Hartford. 

Attorney to accept service, Edwin Ray, Boston. 



Income. 

Total premium income, 

Cash received for interest on stocks, bonds and loans, . 

for interest on other debts due the company, 
for rents of company's property, . 



Total income, ..... 
Net or ledger assets, December 31, 1875, 



Total, 



Disbursements. 
Cash paid for losses and additions, 
Premium notes or loans used in payment of same, 
Cash paid for matured endowments and additions, 
Premium notes or loans used in payment of same, 

Gross amount paid for losses and endowments. 



£6,725,120 67 

2,788,416 89 

37,233 33 

68,343 24 

. $9,619,114 13 
. 41,462,065 53 

$51,081,179 66 



$2,252,701 73 

39,246 62 

291,291 29 

18,006 71 

12,601,246 35 



44 



LIFE INSURANCE COMPANIES [Dec. 31, 

. .. . $209,627 41 



Cash paid for surrendered policies, . . ... 

Premium notes or loans used in purchase of surrendered 
policies and voided by lapse, 

Cash surrender values, including re-converted additions ap- 
plied in payment of premiums, 

Cash dividends paid policy-holders, applied in payment of 
premiums, 

Premium notes or loans used in payment of dividends, 

Total paid policy-holders, . . . $6,018,758 68 
Cash paid for commissions to agents, .... 

for salaries and travelling expenses of agents, 
for medical examiners' fees, 
for salaries of officers and office employes, . 
for taxes and fees, ...... 

for office and incidental expenses, 



Total disbursements, 
Balance, . 



298,318 86 

448,535 54 

2,327,429 02 
133,601 50 



$162,836 55 

4,163 25 

17,702 50 

82,431 11 

309,517 09 

165,624 01 

. $7,061,033 19 

$44,020,146 47 



Invested in the following : — 

Assets as per Ledger Accounts. 

Cost value of real estate, 

Loans on mortgage of real estate (first liens), . 

on collateral security (schedule A), . 
Premium notes or loans on policies in force, 
Cost value of stocks and bonds owned (schedule B), 
Cash in company's office, ...... 

Cash deposited in bank, 

Bills receivable, ........ 

Agents' ledger balances, . . . . • . 

Ledger assets (as per balance) , . 



$2,748,753 20 

27,815,839 34 

94,867 28 

6,290,699 45 

5,295,155 46 

7,306 54 

1,718,015 91 

5,376 40 

44,132 89 

$44,020,146 47 



Other Assets. 

Interest due and accrued, .... 
Rents due and accrued, . . 

Market value of stocks and bonds, over cost, 
Uncollected premiums on policies in force, 
Deferred premiums on policies in force, 

Total, ........ 

Deduct loading (33| per cent.), . , < 
Net am't of uncollected and deferred prem's, 



$1,202 12 

51,919 89 

$53,122 01 

17,707 33 



,844,530 64 

3,850 00 

309,064 54 



35,414 68 



Total assets per company's books, 



$46,213,006 33 



1876.] OF OTHER STATES. 45 

Items not Admitted. 

Agents' balances, $44,132 89 

Bills receivable, 5,376 40 

Total, $19,509 29 



Total admitted assets, $46,103,497 04 

Liabilities. 

Computed premium reserve or net present value of all out- 
standing policies (Actuaries 1 4 per cent.), . . $40,839,645 00 

Death losses and matured endowments in 

process of adjustment, .... $552,287 00 

Claims resisted by the company, . . . 209,485 00 

Total policy claims, . ' . . . — — 761,772 00 

Unpaid dividends of surplus due policy-holders, . . . 261,978 75 

Contingent reserve on lapsed policies, . . . . . 291,562 65 



Liabilities as to policy-holders, .... $42,154,958 40 
Surplus as regards policy-holders, .... 4,008,538 64 



Gross liabilities, $46,163,497 04 

Premium Note Account. 

Premium notes on hand, Dec. 31, 1875, . . $6,730,567 50 

or loans rec'd during 1876, . 54,784 20 

Total, $6,785,351 70 

Used in payment of losses and claims, . $57,253 33 
of surrendered policies and 

voided by lapse, . . 298,318 86 
of dividends to policy-hold- 
ers, .... 133,601 50 
Redeemed by maker in cash, . . . 5,478 56 

Total, 494,652 25 



Balance note assets, December 31,1876, . . .$6,290,699 45 

Exhibit of Policies. 
Policies and Additions in force December 31, 1875. 

Number. Amount. 

Whole-life policies, 56,574 $163,340,210 00 

Endowment policies, 8,674 19,756,817 00 

All other policies, 961 1,979,815 00 

New Policies Issued in 1876, 

Whole-life policies, 4,708 12,347,632 00 

Endowment policies, ...... 555 1,001,153 00 

All other policies, 21 30,285 00 



46 



LIFE INSURANCE COMPANIES [Dec. 31, 



Old Policies Bevived during the year. 



Whole-life policies, . 
Endowment policies, 
All other policies, . 

Total number and amount, 



574 
150 

20 



$2,003,326 00 

438,200 00 

75,400 00 



.72,237 $200,972,838 00 



Policies ceased to be in force during the year. 



Terminated by death, . . 

by maturity, 

by expiry, . 

by surrender, 

by lapse, 

by change and decrease, 
Not taken, ..... 

Total terminated, 



832 $2,377,338 00 

100 310,873 00 

3 15,000 00 

1,860 6,250,348 00 

2,207 6,573,200 00 

405,221 00 

617 1,626,450 00 

5,619 $17,558,430 00 



Policies in force December 31, 1876. 

Whole-life policies, . 57,267 $162,780,759 00 

Endowment policies, ...... 8,440 18,794,184 00 

All other policies, . 911 1,839,465 00 



Totals, . . 

Schedule 

Securities held as 

United States bond, 6s, . 
St, Louis city bonds, 
Ohio Canal stock, .... 
50 shares Little Miami R. R., . 
United States bonds, 6s, . 
" 5-20 bonds, 
" 5-20 bonds, 
26 shares First Nat'l Bank, . 
Quincy (111.) city bonds, 
Pettis county (Mo.) bonds, 
Kansas Pacific R. R. bonds, 
20 shares Conn. Trust and Safe Deposit 
Rockville R. R. bonds, 
United States 5-20 bonds, 
Mortgage bond, property in Louisville, 

" " " in Evansville, 

4 shares Hartford Nat'l Bank, 
Mortgage bond, Le Grand Martin, . 

" " Daniel F. Cadmus, 

40 shares iEtna Fire Ins. Co., 

1QA (( t< « U It 



.66,618 $183,414,408 00 

A. 

Collateral. 

Market value. Amount loaned. 

$568 75 >| 



Co. 



2,000 00 



5,500 00 
2,000 00 J 
2,275 00^ 
2,275 00) 
568 75 >j 
2,678 00 
8,000 00 J 
3,000 00 
1,500 00 
1,800 00 

14,000 00 
1,137 50 

10,000 00 
4,000 00 
620 00 
2,400 00 
2,000 00 
9,800 00 

24,500 00 



} 



$9,803 28 

4,000 00 

7,000 00 

2,250 00 
2,500 00 

9,305 00 
1,000 00 
3,000 00 
1,500 00 

2,500 00 

1,509 00 
10,000 00 



1876.] 



OF OTHER STATES. 



47 



129 shares Natl Exchange Bank, . 

5 " Natl Trust Co., N. Y., . 

20 " Chicago and Northwestern R. R., 

28 " Pennsylvania Central R. R., . 

13 " Michigan Central R. R., 
50 " Third Natl Bank (Cin.), 
50 " First Natl Bank (Cin.), 

14 " N. Y., N. H. and Hartford R. R., 
250 " Mercantile Natl Bank (Toledo), 



$8,772 00 
500 00 >| 
1,200 00 I 
1,600 00 i 
1,001 00 J 
8,750 00 
7,500 00 
2,114 00 

25,000 00 



} 



i,000 00 



4,000 00 



10,000 00 

1,500 00 
20,000 00 



$157,060 00 $94,867 28 



Schedule B. 

Stocks and Bonds owned by 



United States bonds, 

Connecticut state bonds, . 

Tennessee state bonds, . 

Indiana state bonds, 

Toledo (Ohio) city bonds, 

Fort Wayne (Ind.) city bonds, 

Jackson (Mich.) city bonds, . 

Evansville (Ind.) water bonds, 

Evansville (Ind.) city bonds, . 

Louisville (Ky.) sewer bonds, 

Louisville (Ky.) city bonds, . 

Quincy (111.) city bonds, 

Quincy (111.) debt funding bonds, . 

Milwaukee (Wis.) city bonds, 

Milwaukee (Wis.) water bonds, 

Kansas (Mo.) city bonds, 

St. Louis Chamber of Commerce bonds 

Mobile city funding bond, 

Mobile city certificates, . 

130 shares First Natl Bank, Hartford, 

100 

25 

15 

10 

10 
200 
300 
210 

50 



t'd, 



City Natl Bank, Hartford, 
JEtna Natl Bank, Hartford, 
Phoenix Natl Bank, Hartford 
Charter Oak Natl Bank, Har 
State Bank, Hartford, 
Fourth Natl Bank, N. Y., 
Conn. Trust and Safe Deposit Co 
N. Y., N. H. and Hartford R. R., 
Connecticut River R. R., 



Company. 

Cost value. 

$2,183,240 46 

600,000 00 

19,900 00 

103,500 00 

19,000 00 

75,000 00 

99,000 00 

255,000 00 

37,510 00 

182,500 00 

92,500 00 

187,500 00 

13,600 00 

150,000 00 

475,000 00 

182,500 00 

435,000 00 

78,000 00 

200 00 

13,000 00 

10,725 00 

2,500 00 

1,650 00 

1,055 00 

1,275 00 

20,000 00 

30,000 00 

21,000 00 

5,000 00 



Market value. 

12,402,500 00 

684,000 00 

10,595 00 

103,500 00 

19,000 00 

75,000 00 

99,000 00 

255,000 00 

42,500 00 

182,500 00 

92,500 00 

187,500 00 

13,600 00 

150,000 00 

475,000 00 

182,500 00 

435,000 00 

78,000 00 

200 00 

13,390 00 

■ 9,600 00 

3,225 00 

2,400 00 

1,350 00 

1,250 00 

20,000 00 

27,000 00 

31,710 00 

6,400 00 



i,295,155 46 $5,604,220 00 



48 



LIFE INSURANCE COMPANIES [Dec. 31. 



CONTINENTAL LIFE INSURANCE COMPANY, HARTFORD, 

CONN. 

[Incorporated July, 1862. Commenced business July, 1864.] 

Paid-up Capital, $300,000. 

James S. Parsons, President. Secretary, Robert E. Beecher. 

Horace R. Morlet, Actuary. 

Principal Office, Hartford. 

Attorney to accept service, W. S. Chamberlain, Boston. 

Income. 

Total premium income, $532,189 61 

Cash received for interest on stocks, bonds and loans, . . 136,425 40 

as discount on claims paid in advance, . . 763 00 

for rents of company's property, - . . . 4,550 01 

Total income, 1673,928 02 

Net or ledger assets, December 31, 1875, .... 3,095,474 05 

Total, $3,769,402 07 



Disbursements. 

Cash paid for losses and additions, 
Premium notes or loans used in payment of same, 
Cash paid for matured endowments and additions, 
Premium notes or loans used in payment of same, 

Gross amount paid for losses and endowments, 
Cash paid for surrendered policies, 
Premium notes or loans used in purchase of surrendered 

policies and voided by Lapse, 

Cash surrender values, including re-converted additions ap 

plied in payment of premiums, 

Cash dividends paid policy-holders, applied in payment 

premiums, ......... 

Premium notes or loans used in payment of dividends, 



of 



$128,087 61 

6,040 26 

25,634 09 

3,796 95 



$163,558 91 
38,702 20 

112,542 51 

37,684 14 

56,596 08 
15,855 66 



Total paid policy-holders, . . . $424,939 50 

Cash paid for dividends to stockholders, 

for commissions to agents, . . . 
for salaries and travelling expenses of agents, 
for medical examiners' fees, .... 
for salaries of officers and office employes, . 

for taxes and fees, 

for rent, 

for furniture and office fixtures, 



24,000 00 

47,591 78 

58,156 03 

6,313 92 

30,669 93 

15,636 60 

2,100 00 

12,728 96 



1876.] 



OF OTHER STATES. 



49 



Cash paid for advertising, . 

for office and incidental expenses, 

Total disbursements, . 

Balance, 



$2,165 93 
20,183 02 

$644,485 67 

3,124,916 40 



$264,624 89 

821,710 89 

88,770 00 

1,285 00 

1,112,286 20 

616,480 21 

7,014 40 

173,516 50 

17,067 35 

22,160 96 

53,124,916 40 



141,620 88 
10,072 79 



Invested in the following : — 

Assets as per Ledger Accounts 

Cost value of real estate, 

Loans on mortgages of real estate (first liens), . 
Loans on collateral security (schedule A), . 
Loans on company's policies assigned as collateral, 
Premium notes or loans on policies in force, . 
Cost value of stocks and bonds owned (schedule B), 
Cash in company's office, ..... 

Cash deposited in bank, 

Office furniture, safes and fixtures, . 

Agents' ledger balances, 

Ledger assets (as per balance), 

Other Assets. 

Interest due and accrued, 

Market value of real estate over cost, 

Uncollected premiums on policies in force, . $105,281 03 
Deferred premiums on policies in force, . 41,892 06 

Total, 

Deduct loading (10 per cent.), 

Net am't of uncollected and deferred prem's, 

Total assets per company's books, . 

Items not Admitted. 

Furniture and fixtures, $17,067 35 

Agents' balances, 22,160 96 

Total, 39,228 31 

Total admitted assets, $ 

Liabilities. 

Computed premium reserve or net present value of all 
outstanding policies (Actuaries' 4 per cent.), . . $ 

Death losses and matured endowments in process of adjust- 
ment, 



$147,173 09 
14,717 30 



- 132,455 79 
$3,409,065 86 



Liabilities as to policy-holders, 
Surplus as regards policy-holders, 

Gross liabilities, 



1,369,837 55 

},236,118 00 

23,258 00 

5,259,376 00 
110,461 55 

5,369,837 55 



50 



LIFE INSURANCE COMPANIES [Dec. 31, 



Premium Note Account. 

Premium notes on hand, Dec. 31, 1875, . . $1,180,295 65 

Premium notes or loans received during 1876, 71,732 31 

Total, $1,252,027 96 

Used in payment of losses and claims, . . $9,837 21 
of surrendered policies and 

voided by lapse, . . 112,542 51 
of dividends to policy-hold- 
ers, 15,855 66 

Redeemed by maker in cash, .... 1,506 38 

Total, . . 139,741 76 

Balance note assets, December 31,1876, . . . $1,112,286 20 



Exhibit of Policies. 
Policies and Additions in force December SI, 1875. 

Number. Amount. 

Whole-life policies, 7,252 $11,137,687 00 

Endowment policies, . . . . . 3,652 3,568,261 00 

All other policies, 



New Policies Issued in 1876. 



Whole-life policies, . 
Endowment policies, 
All other policies, . 



Old Policies Revived during the year. 

Whole-life policies, 

Endowment policies, . . . . . 



. 169 


469,200 00 


6. 

. 1,143 


2,071,355 00 


. 149 


189,440 00 


. 124 


252,600 00 


year. 




32 


26,162 00 


22 


13,266 00 



Total number and amount, 



. 12,543 $17,727,971 00 



Policies ceased to be in force during the year. 



Terminated by death, 


85 


$146,014 00 


by maturity, . . . . 


22 


35,000 00 


by expiry, .... 


15 


64,000 00 


by surrender, . 


. 377 


454,847 00 


by lapse, .... 


. 748 


1,533,950 00 


by change and decrease, 


, 


909,657 00 


Not taken, 


. 474 


637,790 00 


Total terminated, ..... 


. 1,721 


$3,781,258 00 



Policies in force December 31,1876. 

Whole-life policies, . .... . . . 7,217 $10,287,898 00 

Endowment policies, 3,405 3,189,265 00 

All other policies, .200 469,550 00 



Totals, 



. 10,822 $13,946,713 00 



1876.] 



OF OTHER STATES. 



51 



Schedule A. 

Securities held as Collateral. 

Market value 

42 shares Orient Fire Ins. Co., . . $5,586 00 

100 " Hartford Steam Boiler Ins. Co., 

4 " -2Gtna Ins. Co., 
100 " First Natl Bank, Kansas City, 
Mortgage bonds, 10s, 
280 shares Adams Nickel Plating Co., 
Mortgage note assigned, 



36 shares Union Manuf. Co., . 

Evanston village bonds, . 

360 shares Adams Nickel Plating Co., 
4 " Natl Bank, State of New York, 
25 " Phoenix Natl Bank, 
10 " Natl Bank of Commerce, 

Mortgage bonds, 10s, 

156 shares Adams Nickel Plating Co., 
50 " Willimantic Linen Co., . 

United States bonds, 

Mortgage note assigned, . 
40 shares St. Nicholas Bank, N. Y., 
40 " Natl City Bank, N. Y., . 
40 " Bank of Commerce, N. Y., 

200 " Phoenix Natl Bank, N. Y., 
60 " Gallatin Natl Bank, N. Y., 
30 " Bank of Commerce, N. Y., 
60 " Merchants' Natl Bank, N. Y. 
21 " Chicago & Alton R. R., . 

160 " Adams Nickel Plating Co., 
10 " St. Nicholas Bank, . 

Mortgage bonds, 10s, 

10 shares N. L. Northern R. R. Co., 

25 " Security Ins. Co., . 



5,600 00 
960 00 
10,000 00 
2,000 00 
7,000 00 
4,666 00 
7,800 00 
2,800 00 
3,600 00 
5,000 00 
9,000 00^ 
400 00 j 
425 00 } 
1,080 00 I 
2,000 00 J 
3,900 00 >| 
3,375 00 I 
1,137 50 J 
5,000 00 
4,000 00 
10,000 00 
4,320 00 
3,400 00 
3,420 00 
4,080 00 
3,510 00 J 
2,100 00 
4,000 00 >| 
1,000 00 ' 
2,500 00 
1,000 00 
2,500 00 

$127,159 50 



j 



Amount loaned. 

$2,250 00 
3,550 00 
400 00 
5,000 00 
1,500 00 
2,500 00 
3,500 00 
6,000 00 
1,600 00 
2,500 00 
5,000 00 



12,000 00 

7,000 00 
5,000 00 

19,570 00 

1,600 00 

7,100 00 

700 00 
2,000 00 

,770 00 



Schedule B. 
Stocks and Bonds owned by the Company. 

Cost value. 

United States bonds, $406,252 50 



Hartford city bonds, 
Middletown water bonds, 
Macoupin county bonds, . 
Leavenworth county bonds, 
Indianapolis city bonds, . 



8,410 00 
6,772 50 
10,000 00 
8,000 00 
7,950 00 



Market value. 
$410,625 00 
8,840 00 
7,400 00 
4,000 00 
8,000 00 
9,600 00 



52 



LIFE INSURANCE COMPANIES [Dec. 31, 



Quincy city bonds, 

Jefferson county bonds, .... 
Fort Wayne city bonds, .... 
Indianapolis and Cin. R. R. Co. bonds, . 
Middletown, Unionville and W. G. R. R. bonds 
Utica town bonds, ..... 
Windham town bonds, . . . 

38 shares N. Y., N. H. and Hartford R. R., 
405 " Farm, and Mechanics 1 Nat'l Bank 

75 " Conn. Trust and Safe Dep. Co., 
200 " Willimantic Linen Co., . 



$7,400 00 
8,500 00 
7,575 00 
8,725 00 
7,000 00 

15,000 00 

35,000 00 
5,920 21 

53,365 00 
7,750 00 

12,860 00 



$9,100 00 

9,500 00 

9,250 00 

9,000 00 

12,600 00 

15,000 00 

35,000 00 

5,738 00 

52,650 00 

6,750 00 

13,500 00 



$616,480 21 $626,553 00 



EQUITABLE LIFE ASSURANCE SOCIETY OF THE UNITED 
STATES, NEW YORK. 

[Incorporated July 28, 1859. Commenced business July 28, 1859.] 

Paid-up Capital, $100,000. 

Henry B. Hyde, President. Secretary, Samuel Borrowe. 

James W. Alexander, Vice-President. Actuary, George W. Phillips. 

Principal Office, New York. 
Attorney to accept service, Henry T. Blodget, Boston. 

Income. 

Total premium income, $7,514,131 28 

Cash received for interest on stocks, bonds and loans, . 1,365,479 15 
for interest on other debts due the company, 32,986 73 
for rents of company's property, . . . 306,273 85 
for profits on bonds, stocks or gold sold, . 23,670 66 



Total income, . $9,242,541 67 

Net or ledger assets, December 31, 1675, .... 27,677,630 87 

Total, 



Disbursements. 
Cash paid for losses and additions, 

for matured endowments and additions, 



,920,172 54 



$2,106,039 94 
94,000 00 



Gross amount paid for losses and endowments, . . $2,200,039 94 

Cash paid to annuitants, 25,527 54 

for surrendered policies, 1,132,783 43 

Cash dividends paid policy-holders, applied in payment of 
premiums, 1,812,076 64 



Total paid policy-holders, 



. $5,170,427 hb 



1876.] 



OF OTHER STATES. 



53 



Cash paid for dividends to stockholders, 

for commissions to agents, .... 

for salaries and travelling expenses of agents, 

for medical examiners' fees, 

for salaries of officers and office employes, . 

for taxes and fees, 

for rent, 

for commuting commissions, 

for furniture and office fixtures, including sink 
ing fund of $100,000, .... 

for advertising, 

or other items ; viz., agency, building and office 
expenses, $91,210.36; printing, stationery and 
law expense, $82,722.56 ; postage, exchange 
and express, $17,963.70; miscellaneous, 
613.34, 

Total disbursements, ........ 

Balance, 

Invested in the following : — 

Assets as per Ledger Accounts 

Cost value of real estate, 

Loans on mortgage of real estate (first liens), . 
Loans on collateral security (schedule A), . 
Cost value of stocks and bonds owned (schedule B), 
Cash in company's office and deposited in bank, . 

Commuted commissions, 

Agents' ledger balances, 

Ledger assets (as per balance), 
Deduct depreciation from cost of assets, 

Total net or ledger assets, .... 

Other Assets. 

Interest due and accrued, 

Rents due and accrued, 

Market value of stocks and bonds, over cost, 
Uncollected premiums on policies in force, . 
Deferred premiums on policies in force, 



$7,000 00 
411,810 30 

36,594 19 

47,273 47 
248,266 31 

70,911 07 

108,568 43 

9,580 00 

105,091 67 
55,419 69 



232,509 96 
1,503,452 64 
,416,719 90 



$5,615,637 88 

16,237,264 45 

1,981,820 00 

5.033.315 60 

1.269.316 48 
100,819 65 
178,545 84 

$30,416,719 90 
. *375,440 09 

$30,041,279 81 



f$264,511 78 

42,141 54 

132,897 10 



Total, 

Deduct loading (20 per cent.), 

Net am't of uncollected and deferred prem's, 

Premium on gold on hand, .... 

Total assets per company's books, 



$158,460 00 
670,816 00 

$829,276 00 
165,855 00 



663,421 00 
7,488 46 

$31,151,739 69 



* Loans on bonds and mortgage in excess of value as appraised by the Insurance Depart- 
ment of New York, $222,121.47; reduction of value of real estate, same appraisal, $153,318.62. 

(• Not including $41,899.63 accrued interest on mortgages where principal and interest is in 
excess of present values as appraised, by the Insurance Department of New York. 



54 LIFE INSURANCE COMPANIES [Dec. 31, 

Items not Admitted. 

Commuted commissions, . . . . $100,819 65 

Agents 1 balances, 178,545 84 

Total, . . . . . . ' . $279,365 49 



Total admitted assets, ...... $30,872,374 20 

Liabilities. 

Computed premium reserve or net present value of all 
outstanding policies (Actuaries' 4 per cent.), . . $27,720,700 00 

Death losses due and unpaid, . . . $24,385 00 

Death losses and matured endowments in 

process of adjustment, .... 327,375 00 

Claims resisted by the company, . . . 39,000 00 

Total policy claims, . . . . 390,760 00 

Unpaid dividends of surplus due policy-holders, . . . 81,902 00 

Liability under three months clause in policies, . . . 104,617 00 



Liabilities as to policy-holders, .... $28,297,979 00 
Surplus as regards policy-holders, .... 2,574,395 20 



Gross liabilities, ....... $30,872,374 20 

Estimated surplus accrued on tontine or 
other policies, the profits upon which are 
especially reserved for that class of poli- 
cies, *$2,193,577 00 

Estimated surplus accrued on all other poli- 
cies, 380,818 20 

Exhibit op Policies. 
Policies and Additions in force, December 31, 1875. 

Number. Amount. 

Whole-life policies, 40,966 $150,339,807 00 

Endowment policies, 7,399 23,050,853 00 

All other policies, . . . .-. . . .335 1,055,255 00 
Reversionary additions, - 4,186,771 00 

New Policies Issued in 1876. 

Whole-life policies, 

Endowment policies, . . . 
All other policies, 

Old Policies Bevived during the year. 

Whole-life policies, 

Endowment policies, 

All other policies, 

* Computed by New York department on basis of 4£ per cent, valuation. 



6,217 


18,486,405 00 


446 


1,127,545 00 


81 


239,440 00 


fear. 
562 


2,666,430 00 


92 


295,000 00 


- 


110,000 00 



1876.] 



OF OTHER STATES. 



55 



Old Policies increased during the year. 
Additions by dividends, - $2,095,757 00 



Total number and amount, 



.56,098 $203,653,263 00 



Policies ceased to be in force during the year. 
Terminated by death, .... . . 519 $2,115,94500 



by maturity, 
by expiry, . 
by surrender, 
by lapse, 
Not taken, 

Total terminated, 



27 87,000 00 

9 46,000 00 

2,197 11,667,188 00 

3,406 12,685,900 00 

1,204 4,000,540 00 



. 7,362 $30,602,573 00 



Policies in force December 31, 1876. 

Whole-life policies, 41,350 $146,423,532 00 

Endowment policies, 7,047 21,331,118 00 

All other policies, . . . . . . .339 974,290 00 

Reversionary additions, - 4,321,750 00 



Totals, ... . • . . .. . . 48,736 $173,050,690 00 



Schedule A. 



Securities held as 

Brooklyn city stock, . . . . 

Washington Sq. (Staten Island) bond, . 

United States 5-20 bonds, 

" bonds, 6s, 1881,' . 
" " 10-40 bonds, 

" " 5-20 " . 



2600 shares Mercantile Safe Dep. Co. (N 
United States 5-20 bonds, 

bonds, 5s, 1881,. 

5-20 bonds, . 

Spanish doubloons, 

United States 5-20 bonds, 



bonds, 6s, 1881, 



Collateral. 

Market value. 

$9,200 00 

225 00 
2,200 00 
1,140 00 

226 00 
220 00 

1,130 00 
1,130 00 
169,500 00 
Y.), 325,000 00 
1,356 00 
2,240 00 
548,125 00 
158,895 00 
274,062 50 
315,720 00 
274,062 50 
56,750 00 
57,062 50 



Amount loaned. 

$7,000 00 
220 00 

3,000 00 

400 00 

1,000 00 

1,000 00 

150,000 00 

175,000 00 

1,200 00 

2,000 00 

537,500 00 

155,000 00 

268,750 00 

300,000 00 

268,750 00 

55,000 00 

56,000 00 



1,198,244 50 $1,981,820 00 



56 



LIFE INSURANCE COMPANIES [Dec. 31, 



Schedule B. 

Stocks and Bonds owned by 



United States bonds, 
New York city stock, . 
Brooklyn city stock, 
Rochester city stock, 
Virginia state bonds, 6s, 
Sharon town (N. Y.) bonds, . 
Yonkers town (N. Y.) bonds, 
Little Valley town (N. Y.) bonds 
South Carolina state bonds, 6s, 
Mercantile Trust Co. stock (N. Y 



). 



Valley Nat 1 ! Bank stock (St. Louis), 



the Company. 

Cost value. 

$1,804,196 51 

1,439,831 25 

137,045 00 

55,500 00 

13,050 00 

66,000 00 

4,712 00 

6,000 00 

16,250 00 

1,488,730 84 

2,000 00 



Market value. 

M ,817,032 50 

1,489,100 00 

161,160 00 

57,250 00 

20,057 70 

68,310 00 

5,050 00 

6,385 00 

14,662 50 

1,525,405 00 

1,800 00 



,033,315 60 15,166,212 70 



GERMANIA LIFE INSURANCE COMPANY, NEW YORK. 

[Incorporated April 10, 1860. Commenced business July, I860.] 

Paid-up Capital, #200,000. 

Hugo Wesendonck, President. Secretary, Cornelius Doremus. 

Frederick Schroendler, Vice-Tresident. Actuary, HCbert Cillis. 

Principal Office, No. 287 Broadway. 

Attorney to accept service, Fredric Krause, Boston. 

Income. 

Total premium income, ....... $1,395,07730 

Cash received for interest on stocks, bonds and loans, . . 432,832 38 

as discount on claims paid in advance, . . 184 35 

for rents of company's property, . . . 3,854 18 

for policy fees, " . . 222 32 

Total income, . . . . . . . . $1,832,170 53 

Net or ledger assets, December 31, 1875, .... 6,824,635 41 

Total, $8,656,805 94 



Disbursements. 

Cash paid for losses and additions, .... 
for matured endowments and additions, 

Gross amount paid for losses and endowments, 

Cash paid to annuitants, 

for surrendered policies, 



$153,743 83 
22,832 47 

$176,576 30 

8,539 95 

243,124 56 



1876.] 



OF OTHER STATES. 



57 



Cash surrender values, including reconverted additions ap- 
plied in payment of premiums, $14,799 61 

Cash dividends paid policy-holders, applied in payment of 
premiums, 151,495 73 



Total paid policy-holders, . . . $894,536 15 

Cash paid for dividends to stockholders, . . 

.for commissions to agents, . 

for salaries and travelling expenses of agents, 

for medical examiners' fees, .... 

for salaries of officers and office employes, . 

for taxes and fees, . . . 

for rent, 

for commuting commissions, .... 

for furniture and office fixtures, 

for advertising and printing, .... 

for other items ; viz., expense on real estate, 
$3,636.83 ; for office and incidental expenses, 
$15,775.20, 



24,000 00 

102,450 11 

60,660 22 

10,816 05 

63,578 80 

10,468 85 

12,866 48 

4,754 69 

1,549 84 

10,787 40 



19,412 03 



Total disbursements, 



.,215,880 62 



Balance, 



Invested in the following : — 

Assets as per Ledger Accounts 

Cost value of real estate, 

Loans on mortgage of real estate (first liens), 

Loans on collateral security (schedule A), . 

Cost value of stocks and bonds owned (schedule B), 

Cash in company's office, 

Cash deposited in bank, 



Ledger assets (as per balance), 
Deduct depreciation from cost of assets, 

Total net or ledger assets, 

Other Assets. 
Interest due and accrued, .... 
Market value of stocks and bonds over cost, . 
Uncollected premiums on policies in force, . 
Deferred premiums on policies in force, 

Total, 

Deduct loading (20 per cent.), 

Net am't of uncollected and deferred prem's, 

Total assets per company's books, . 
8 



',440,925 32 



$393,688 65 
5,113,904 52 

200,000 00 

1,609,025 07 

3,972 24 

120,334 84 

17,440,925 32 
21,351 52 

.7,419,573 80 



139,435 60 
68,486 93 



t,732 91 
258,532 60 

$353,265 51 
70,653 10 



■ 282,612 41 

17,910,108 74 



58 



LIFE INSURANCE COMPANIES [Dec. 31 



r 04 04 



92,381 63 
17,235 11 



Liabilities. 

Computed premium reserve or net present value of all out 

standing policies (Actuaries' 4 per cent.), 
Death losses due and unpaid, . 
Death losses and matured endowments, in 

process of adjustment, 
Claims resisted by the company, . 

Total policy claims, .... 
Unpaid dividends of surplus due policy-holders, 
Due for taxes and fees, .... 
Due for salaries, rent and office expenses, 
Special reserve for tontine and lapsed policies, 

Liabilities as to policy-holders, 
Surplus as regards policy-holders, . 

Gross liabilities, . . . . . 



',107,263 00 



$122,320 78 

39,485 70 

6,040 27 

1,583 33 

18,688 57 

7,295,381 65 
614,727 09 

7,910,108 74 



Exhibit of Policies. 
Policies and Additions in force December 31, 1875. 

Number. Amount. 

Whole-life policies, 15,976 $27,578,724 00 

Endowment policies, . . . . . . 4,188 6,583,227 00 

All other policies 130 295,500 00 



New Policies Issued in 1876. 

Whole-life policies, 1,269 1,948,068 00 

Endowment policies, . . . . . .989 1,288,646 00 

All other policies, 120 328,500 00 

Old Policies Revived during the year. 

Whole-life policies, . . ' . . . . . 11 17,435 00 

Endowment policies, ...... 4 13,000 00 



Old Policies increased during the year. 
Additions by dividends, 



57,529 00 



Total number and amount, .... 22,687 


$38,110,629 00 


Policies ceased to be in force during the year 




Terminated by death, 263 


$460,356 00 


by maturity, 21 


22,832 00 


by expiry, 11 


6,840 00 


by surrender, 920 


1,604,616 00 


by lapse, 869 


1,367,208 00 


by change and decrease, . . . 6 


38,540 00 


Not taken, . . .305 


553,924 00 



Total terminated, 



2,395 $4,054,316 00 



1876.] OF OTHER STATES. 59 

Policies in force December 31, 1876. 

Whole-life policies, 15,689 $26,835,970 00 

Endowment policies, 4,436 6,810,343 00 

All other policies, 171 410,000 00 



Totals, 20,296 $34,056,313 00 

Schedule A. 

Securities held as Collateral. 

Market value. Amount loaned. 

United States stocks, $229,292 50 $200,000 00 

Schedule B. 
Stocks and Bonds owned by the Company. 

Cost value. Market value. 

United States stocks, . . . ' . . $794,176 33 $830,412 00 
State stocks, . . . . . . . 20,445 00 16,350 00 

County and city stocks, 794,403 74 830,750 00 



$1,609,025 07 $1,677,512 00 



GLOBE MUTUAL LIFE INSURANCE COMPANY, NEW YORK. 

[Incorporated June, 1864. Commenced business June, 1864.] 

Paid-up Capital, $ 100,000. 

Pliny Freeman, President. Secretary, James M. Freeman. 

Actuary, Edward H. Sewell. 

Principal Office, 345 and 347 Broadway. 

Attorney to accept service, John H. Nolan, Boston. 

Income. 

Total premium income, $632,729 66 

Cash received for interest on stocks, bonds and loans, . . 205,243 05 

for interest on other debts due the company, 13,612 36 

as discount on claims paid in advance, . . 904 96 

for rents of company's property, . . . 19,470 49 

Premiums received for re-insurance : cash, $104,000.02 ; notes, 

$23,561, 127,561 02 

Total income, . $999,521 54 

Net or ledger assets, December 31, 1875, . . . .3,980,908 67 

Total, $4,980,430 21 



60 



LIFE INSURANCE COMPANIES [Dec. 31, 



Disbursements. 

Cash paid for losses and additions, 

for matured endowments and additions, 

Gross amount paid for losses and endowments, 
Cash paid for surrendered policies, 
Cash dividends to policy-holders, . 



$367,546 56 
74,187 27 

$441,733 83 

121,050 78 

42,200 98 



Total paid policy-holders, . . . $604,985 59 

Cash paid for dividends to stockholders, 

for commissions to agents, .... 
for salaries and travelling expenses of agents, 
for medical examiners' fees, .... 
for salaries of officers and office employes, . 
for taxes and fees, . . • . 
for rent, . . . . . 
for commuting commissions, . . 
for furniture and office fixtures, 

for advertising, 

for office and incidental expenses, 



$14,563 44 

41,295 91 

50,272 31 

10,860 72 

49,468 86 

5,160 01 

18,946 58 

12,058 60 

2,578 45 

5,034 68 

25,841 07 



Total disbursements, 



$841,066 22 



Balance, 



1,139,363 99 



Invested in the following : — 

Assets as per Ledger Accounts 

Cost value of real estate, . ' . 

Loans on mortgage of real estate (first liens), 
on collateral security (schedule A), 
on company's policies assigned as collateral, 

Premium notes or loans on policies in force, . 

Cost value of stocks and bonds owned (schedule B), 

Cash in company's office, 
deposited in bank, . 

Bills receivable, 

Agents' ledger balances, . 

Due from Nashville Life Ins. Co., 

Fire insurance premiums advanced, 

Furniture, fixtures, etc., . 

Ledger assets (as per balance), 



$745,961 54 

1,616,085 35 

109,598 70 

27,043 58 

24,025 25 

1,473,016 31 

11,774 14 

25,847 52 

3,131 23 

59,380 26 

16,806 08 

2,929 03 

23,765 00 

$4,139,363 99 



Other Assets. 

Interest due and accrued, ... 

Rents due and accrued, 

Market value of real estate, over cost, . 



$50,359 69 

5,550 00 

38,199 58 



1876.] 



OF OTHER STATES. 



Market value of stocks and bonds, over cost, 
Uncollected premiums on policies in force, 
Deferred premiums on policies in force, 

Total, 

Deduct loading (10 per cent.), 

Net am 1 t of uncollected and deferred prem's 

Supplies, 



61 

$94,934 08 



$72,127 90 
123,524 61 

$195,652 51 
19,565 25 



Total assets per company's books, . 



Items not Admitted. 



Furniture and fixtures, . 
Agents' balances, 
Loans on personal security, . 
Judgments, . 



29,055 11 

28,297 55 

2,027 60 



Bills receivable, .... 

Agency supplies, stationery, etc., . 

Total, 

Total admitted assets, 



- 176,087 26 
1,235 00 

$4,505,729 60 



$23,765 00 



59,380 26 
3,131 23 
1,235 00 



87,511 49 
1,418,218 11 



Liabilities. 
Computed premium reserve or net present 
value of all outstanding policies (Actua- 
ries' 4 per cent.), $^ 

Deduct net value of re-insured risks, 

Net re-insurance reserve, .... 
Death losses and matured endowments in 
process of adjustment, . ... 

Claims resisted by the company, 

Total policy claims, 

Due for taxes and fees, 

All other liabilities : premiums paid in advance, 
Reserve on lapsed policies, .... 

Liabilities as to policy-holders, 
Surplus as regards policy-holders, . 

Gross liabilities, 

Estimated surplus accrued on tontine or 
other policies, the profits upon which are 
especially reserved for that class of poli- 
cies, 



,147,614 00 
1,438 00 



,986 17 
18,000 00 



,955 45 



Premium Note Account. 

Premium notes or loans received during 1876 on account of 
Nashville Life Ins. Co., re-insured, 



t,146,176 00 



84,986 17 

1,500 00 

27,001 39 

12,114 50 

t,27 1,778 06 
146,440 05 

1,418,218 11 



$24,025 25 






^ NE y TO 



62 



LIFE INSURANCE COMPANIES [Dec. 31, 



Exhibit of Policies. 
Policies and Additions in force December 31, 1875. 

Number. Amount. 

Whole-life policies, . 8,042 $17,390,877 00 

Endowment policies, . • 2,615 3,860,517 00 

All other policies, 

Reversionary additions, 



New Policies Issued in 1876. 



Whole-life policies, . 
Endowment policies, 
All other policies, . 



Old Policies Revived during the year. 



Whole-life policies, . 
Endowment policies, 
All other policies, . 



Old Policies increased during the year. 
Additions by dividends, 



. 161 


295,500 00 


• — 


197,586 00 


6. 

. 2,314 


4,429,892 00 


. 130 


117,489 00 


50 


120,750 00 


year. 




27 


60,000 00 


11 


37,000 00 


2 


5,000 00 



197,144 00 



Total number and amount, 



13,352 $26,711,755 00 



Policies ceased to be in force during the year. 
Terminated by death, 124 $304,207 00 

by maturity, 

by expiry, . 

by surrender, 

by lapse, 
Not taken, . . . 

Total terminated, 



38 


80,772 00 


1 


5,000 00 


581 


1,490,999 00 


1,254 


3,092,073 00 


360 


825,680 00 



. 2,358 $5,798,731 00 



Policies in force December 31, 1876. 

Whole-life policies, 8,476 $17,094,554 00 

Endowment policies, 2,378 3,369,985 00 

All other policies, 140 251,34100 

Reversionary additions, - 197,144 00 



10,994 $20,913,024 00 



Schedule A. 

Securities held as Collateral. 

Market value. Amount loaned. 

40 shares Home Fire Ins. Co., . . . $4,600 00 $3,800 00 

10 " Manhattan Company, . . . 2,900 00 600 00 

5 " Princeton Bank 500 00 400 00 

20 " Bank of Commerce, . . . 2,180 00 2,000 00 



1876.] 



OF OTHER STATES. 



63 



20 shares Home Fire Ins. Co., 

N. Y. and West Shore R. R. bonds, 

430 shares Metropolitan Fire Ins. Co., 

L. I. City Shore R. R. bonds, . 

120 shares Home Fire Ins. Co., 

L. I. City Shore R. R. bonds, . 

United States 5-20 bonds, 

5 shares Home Fire Ins. Co., . 



$2,300 00 

12,800 00 

10,320 00 
83,000 00 

13,800 00 

24,000 00 

587 50 

575 00 



$1,575 00 

8,000 00 

5,000 00 

60,000 00 

10,700 00 

16,723 70 

400 00 

400 00 



1157,562 50 $109,598 70 



Schedule B. 

Stocks and Bonds owned by the Company. 

Cost value. 

United States bonds, ..... $692,068 06 

Brooklyn Soldiers' Aid bonds, . . . 69,350 00 

" Bushwick Ave. bonds, . . . 25,125 00 

" public park bonds, . . . . 449,461 25 

bridge bonds, . . . . . 61,888 89 

Astoria Village bonds, 780 39 

Long Island City bonds, 60,000 00 

Richmond city bonds, . . . . 46,250 00 

Mississippi warrants, 8,750 85 

New York state bonds, 1865, . . . . 11,770 00 

" state bounty bonds, . . . 10,556 25 

" city accumulated debt bonds, . 15,516 25 

state gold bonds, 6s, . ... 11,499 37 

" county bounty bonds, . . . 10,000 00 



Market value. 

?712,392 50 

81,760 00 

28,000 00 

483,945 00 

69,300 00 

780 39 

63,000 00 

57,250 00 

9,000 00 

11,082 50 

12,500 00 

15,540 00 

12,000 00 

11,400 00 



.,473,016 31 $1,567,950 39 



HARTFORD LIFE AND ANNUITY INSURANCE COMPANY, 

HARTFORD, CONN. 

[Incorporated May, 1866. Commenced business April, 1867.] 

Paid-up Capital, $300,000. 

Erastus H. Crosby, President. Secretary, Stephen Ball. 

Principal Office, Hartford. 
Attorney to accept service, J. W. Woodruff, Auburndale. 

Income. 

Total premium income, $94,644 48 

Cash received for interest on stocks, bonds and loans, . . 57,521 57 

Total income, ......... $152,166 05 

Net or ledger assets, December 31, 1875, . . . . 889,225 52 

Total, $1,041,391 57 



64 



LIFE INSURANCE COMPANIES [Dec. 31, 



Disbursements. 

Cash paid for losses and additions, $30,812 00 

Received for losses and claims on policies re-insured, . . 3,000 00 

Net amount paid for losses and endowments, . . $27,812 00 

Cash paid for surrendered policies, 17,364 09 

Cash dividends paid policy-holders, applied in payment of 

premiums, 5,899 28 



Total paid policy-holders, . . . $51,075 37 

Cash paid for dividends to stockholders, .... 18,000 00 

for commissions to agents, ..... 7,306 87 

for salaries and travelling expenses of agents, . 10,427 01 

for medical examiners' fees, 651 00 

for salaries of officers and office employes, . . 6,483 25 

for taxes and fees, 969 71 

for rent, 1,969 72 

for advertising, 944 32 

for office, agency and incidental expenses, . . 16,782 96 

Total disbursements, $114,610 21 

Balance, $926,781 36 



Invested in the following : — 

Assets as per Ledger Accounts. 

Cost value of real estate, 

Loans on mortgage of real estate (first liens), 
on collateral security (schedule A), 
on company's policies assigned as collateral, 

Cost value of stocks and bonds owned (schedule B), 

Cash in company's office, 

Cash deposited in bank, . 

Loaned on personal security, 

Agents' ledger balances, 

Furniture and fixtures, . 

Gross ledger assets (as per balance), 
Deduct depreciation from cost of assets, 

Total net or ledger assets, 



$22,443 16 

763,746 44 

30,600 48 

7,000 00 

56,790 77 

540 20 

11,672 97 

15,131 99 

7,295 92 

11,559 43 



$926,781 36 
6,532 77 

$920,248 59 



Other Assets. 

Interest due and accrued, . 
Re-insurance due from other companies, 



,559 45 
2,000 00 



1876.] OF OTHER STATES. 65 

Uncollected premiums on policies in force, . $12,023 53 
Deferred premiums on policies in force, . 11,485 07 



Total, $23,508 60 

Deduct loading (10 per cent.), . . . 2,350 86 

Net am't of uncollected and deferred preni's, - — $21,157 74 



Total assets per company's books, $982,965 78 

Items not Admitted. 

Furniture and fixtures, $11,559 43 

Agents' balances, 7,295 92 

Loans on personal security, .... 15,131 99 

Total, ■ — 33,987 34 



Total admitted assets, $948,978 44 

Liabilities. 

Computed premium reserve or net present 
value of all outstanding policies (Actua- 
ries 1 4 per cent.), $604,125 00 

Deduct net value of reinsured risks, . . 2,335 00 

Net re-insurance reserve, .... $601,790 00 

Deatli losses and matured endowments in process of ad- 
justment, 13,150 00 

Unpaid dividends of surplus due policy-holders, . . . 821 59 



Liabilities as to policy-holders, $615,761 59 

Surplus as regards policy-holders, ..... 333,216 85 



Gross liabilities, $948,978 44 

Exhibit of Policies. 
Policies and Additions in force December 31, 1875. 

Number. Amount. 

Whole-life policies, 1,875 $2,800,282 00 

Endowment policies, 122 131,409 00 

All other policies, ....... 550 1,023,750 00 

Reversionary additions, - 5,488 00 

New Policies Issued in 1876. 

Whole-life policies, ....... 231 304,139 00 

Endowment policies, 9 5,543 00 

Old Policies Revived during the year. 
Whole-life policies, ....... 6 7,700 00 

9 



66 



LIFE INSURANCE COMPANIES [Dec. 31 



Old Policies increased during the year. 

Whole-life policies, 30 

Endowment policies, 1 

All other policies, . . . . . . .196 

Additions by dividends, - 



Total number and amount, 



178,746 00 

1,000 00 

357,000 00 

650 00 



3,020 $1,715,707 00 



Policies ceased to be in force during the year. 
Terminated by death, 

by expiry, . 

by surrender, 

by lapse, 

by change and decrease, 

by transfer, . 
Not taken, 

Total terminated, . . . . 



22 


$44,000 00 


. 106 


171,819 00 


159 


332,135 00 


55 


87,500 00 


- 


33,570 00 


227 


433,000 00 


69 


111,000 00 


638 


$1,213,024 00 



Policies in force December 31, 187 6. 

Whole-life policies, 1,684 

Endowment policies, 108 

All other policies, 590 

Reversionary additions, ...... - 



$2,308,149 00 

103,818 00 

1,086,431 00 

4,285 00 



Totals, . . . - 2,382 $3,502,683 00 



Schedule A. 

Securities held as Collateral. 

Market value. 

Lewis county (Mo.) bonds, .... $500 00 

Algona (Iowa) school bonds, . . . 1,000 00 

Real estate mortgage bonds on land in Iowa 
40 shares Hartford Steam Boiler Ins. Co., 
84 " American Publishing Co., 
10 " Hartford Pump Co., 
St. Louis and So. Eastern R. R. bonds, . 
Trust deed on land in Illinois, 
2 shares Travelers' Ins. Co., 
20 " Security Co., .... 
20 " American Nat'l Bank, 
10 " Bristol Nat'l Bank, . 
Mortgages assigned, . . . 



2,000 00 

2,240 00 

3,360 00 

370 00 

4,800 00 J 

10,000 00 

352 00^ 

1,900 00 I 

1,420 00 i 

1,100 00 J 



Amount loaned 



t- $13,500 00 



10,000 00 



5,000 00 



2,100 48 



$30,600 48 



1876.] 



OF OTHER STATES. 



67 



Schedule B. 

Stocks and Bonds owned by the Company. 

Cost value. 

United States 5-20 bonds, .... $3,740 02 

Jefferson county (111.) bonds, . . . 16,000 00 

200 shares First Nat'l Bank, Hartford, . . 28,200 00 

50 " Home Nat'l Bank, W. Meriden, . 5,670 75 

Hartford P. & F. R. R. bonds, . . . « 3,180 00 



Market value. 

$4,078 00 

16,000 00 

21,000 00 

6,000 00 

3,180 00 



,790 77 $50,258 00 



HOME LIFE INSURANCE COMPANY, BROOKLYN, N. Y. 

[Incorporated April 30, 1860. Commenced business May 1, I860.] 

Paid-up Capital, $125,000. 

Geo. C. Ripley, President. Secretary and Actuary, Wm. J. Coffin. 

Principal Office, No. 1 79 Montague Street, Brooklyn. 

Attorney to accept service, James M. Burgess, Boston. 

Income. 

Total premium income, $634,002 97 

Cash received for interest on stocks, bonds and loans, . . 269,244 53 
for rents of company's property, . . . 5,516 39 

Total income, $908,763 89 

Net or ledger assets, December 31, 1875, .... 4,320,821 26 

Total, . $5,229,585 15 



Disbursements. 

Cash paid for losses and additions, .... 
Premium notes or loans>used in payment of same, 
Cash paid for matured endowments and additions, 
Premium notes or loans used in payment of same, 

Gross amount paid for losses and endowments, 

Cash paid to annuitants, 

for surrendered policies, .... 
Premium notes or loans used in purchase of surrendered 

policies and voided by lapse, 

Cash dividends paid policy-holders, .... 
Premium notes or loans used in payment of dividends, 



$201,322 69 
18,273 31 
29,035 48 
12,464 52 



$261,096 00 

1,617 17 

72,209 29 

49,253 94 

32,324 52 

115,427 21 



Total paid policy-holders, 



$531,928 13 



68 



LIFE INSURANCE COMPANIES [Dec. 31, 



Cash paid for dividends to stockholders, 

for commissions to agents, .... 
for salaries and travelling expenses of agents, 
for medical examiners' fees, .... 
for salaries of officers and office employes, . 

for taxes and fees, 

for rent of agencies and expenses, 

for advertising, 

office and incidental expenses, 

Total disbursements, 



. $15,000 00 


51,933 


13 


12,300 


73 


3,422 


22 


27,204 04 


4,045 


90 


8,180 


25 


1,590 00 


15,580 


35 


. $671,184 75 



Balance, 



Invested in the following : — 

Assets as per Ledger Accounts 
Cost value of real estate, . . ... 
Loans on mortgage of real estate (first liens), 
Loans on collateral security (schedule A), . 
Premium notes or loans on policies in force, . 
Cost value of stocks and bonds owned (schedule B), 
Cash in company's office and deposited in bank, . 
Agents' ledger balances, 



Ledger assets (as per balance), 

Other Assets. 

Interest due and accrued, 
Market value of real estate, over cost, . 
Market value of stocks and bonds, over cost 
Uncollected premiums on policies in force, 
Deferred premiums on policies in force, 

Total, 

Deduct loading, 

Net am't of uncollected and deferred prem's, 

Total assets per company's books, . 

Items not Admitted. 



$113,650 
30,427 



$144,077 
28,815 



Agents' balances, 

Total admitted assets, 

Liabilities. 

Computed premium reserve or net present value of all out- 
standing policies (Actuaries' 4 per cent.), . 

Death losses and matured endowments in process of adjust- 
ment, $22,000 00 

Claims resisted by the company, . . . 23,000 00 



[,558,400 40 



$184,553 64 
1,579,866 00 

362,600 00 
1,074,514 72 
1,221,648 09 

132,234 74 
2,983 21 

51,558,400 40 



23,511 98 
10,000 00 
25,931 91 



33 

00 



33 

47 



115,261 86 



t,733,106 15 



2,983 21 
$4,730,122 94 



$4,028,860 00 



Total policy claims, . 



45,000 00 



1876.] OF OTHER STATES. 69 

Unpaid dividends of surplus due policy-holders, . . . $2,256 90 



Liabilities as to policy-holders, .... $4,076,116 90 
Surplus as regards policy-holders, 654,006 04 



Gross liabilities, $4,730,122 94 

Premium Note Account. 

Premium notes on hand, Dec. 31, 1875, . . $1,093,694 28 

Premium notes or loans received during 1876, 176,239 42 

Total, $1,269,933 70 

Used in payment of losses and claims, . . $30,737 83 
of surrendered policies and 

voided by lapse, . . 49,253 94 
of dividends to policy-hold- 
ers, 115,427 21 

Total, 195,418 98 



Balance note assets, December 31, 1876, . . $1,074,514 72 

Exhibit of Policies. 

Policies and Additions in force December 31, 1875. 

Number. Amount. 

Whole-life policies, 8,541 $17,370,907 00 

Endowment policies, 1,680 3,145,671 00 

All other policies . 13 5,000 00 

New Policies Issued in 1876. 

Whole-life policies, 883 1,620,094 00 

Endowment policies, 43 60,556 00 

Old Policies Bevived during the year. 

Whole-life policies, 3 3,000 00 

Endowment policies, 1 1,000 00 

Additions by dividends, - 3,117 00 



Total number and amount, .... 11,164 $22,209,345 00 

Policies ceased to be in force during the year. 

Terminated by death, Ill $219,596 00 

18 41,500 00 

881 1,673,255 00 

141 224,750 00 

36,000 00 

67 111,500 00 



by maturity, 
by surrender, 
by lapse, 

by change and decrease, 
Not taken, 



Total terminated, . . . . . . 1,218 $2,306,60100 



70 



LIFE INSURANCE COMPANIES [Dec. 31, 



Policies in force December 31, 1876. 

Whole-life policies, 8,413 

Endowment policies, ....*. 1,520 

All other policies, * 13 

Reversionary additions, - 



$17,047,722 00 

2,846,905 00 

5,000 00 

3,117 00 



Totals, 9,946 $19,902,744 00 



United States 5-20 bond, . 
20 shares Nassau Nat 1 ! Bank, 



Schedule A. 

Securities held as Collateral. 

Market value. 

$2,260 00 
3,000 00' 



15 

50 

511 

100 

35 

30 

195 

21 

48 

24 



Brooklyn Natl Bank, . 
City Gas Co., 
" R. R., . 
Union Trust Co., . 
Nassau Natl Bank, 
Home Fire Ins. Co., 



' New York Gas Light Co., 
' Brooklyn City Gas Co., 
* Nassau Gas Co., . 

Nassau Gas Co. certificates, . 

United States bonds, 1881, 

5-20 bonds, 
it it 

Central Trust Co., New York, 
Delaware & Hudson Canal Co., 
25 shares Nassau Natl Bank, . 
United States bonds, 
1284 shares Brooklyn City Gas Co., 
50 

250 

205 

150 

400 

583 
25 



German-American Ins. Co., 
Brooklyn Trust Co., 
Metropolitan Natl Bank, 
Central Trust Co., N. Y., 
Metropolitan Natl Bank, 
Central Natl Bank, 
Natl Shoe and Leather Bank, 
Bank of New York certified gold check, 



1,800 00 

2,250 00 

7,665 00 

11,000 00 

5,250 00 

3,300 00 

21,450 00 

3,150 00 

2,160 00 

600 00 

350 00 

9,040 00 

5,650 00 

2,825 00 

50,000 00 

50,400 00 

3,750 00 

11,330 00 

57,780 00 

5,000 00 

8,000 00 

25,625 00 

15,000 00 

50,000 00 

58,300 00. 

3,125 00 

26,750 00 

$446,810 00 



} 



Amount loaned. 

$1,800 00 
4,500 00 
5,000 00 

15,000 00 

15,600 00 
2,500 00 

2,500 00 

8,000 00 
5,400 00 
2,500 00 

75,000 00 

2,000 00 
10,300 00 

50,000 00 

35,000 00 

100,000 00 

2,500 00 
25,000 00 

2,600 00 



Schedule B. 
Stocks and Bonds owned by the Company. 

Cost value. Market value. 

United States 5-20 bonds, .... $398,17559 $419,95500 
New York State bonds, 7s, ... 49,737 50 50,500 00 



1876.] 



OF OTHER STATES. 



71 



Brooklyn Park bonds, 7s, 
" City bonds, 7s, 
Kings County bonds, 



$329,572 50 $328,000 00 
270,125 00 270,125 00 
174,037 50 179,000 00 



$1,221,648 09 $1,247,580 00 



HOMOEOPATHIC MUTUAL LIFE INSURANCE COMPANY, NEW 

YORK. 

[Incorporated July 18, 1868. Commenced business July 18, 1868.] 
Paid-up Capital, #200,000. 

D. D. T. Marshall, President. Secretary, Frank B. Mayhew. 

E. M. Kellogg, Vice-President. Actuary, D. P. Fackler. 

Principal Office, 231 Broadway. 
Attorney to accept service, Henry Hale, Hyde Park. 

Income. 

Total premium income, $209,391 14 

Cash received for interest on stocks, bonds, and loans, . . 39,001 93 

for interest on other debts due the company, . 652 76 

for rents of company's property, . . . 450 00 

Total income, ' . . . $249,495 83 

Net or ledger assets, December 31, 1875, .... 578,087 64 

Total, $827,583 47 



Disbursements. 

Cash paid for losses and additions, $40,061 00 

for surrendered policies, 60,995 05 

Cash surrender values, including reconverted additions ap- 
plied in payment of premiums, 11,496 00 

Cash dividends paid policy-holders, $6,851.05; applied in 

payment of premiums, $4,941.01, . . . . ■ . 11,792 06 

Total paid policy-holders, . . . $124,344 11 

Cash paid for commissions to agents, 18,320 12 

for salaries and travelling expenses of agents, . 16,153 02 

for medical examiners' fees, 3,894 42 

for salaries of officers and office employes, . . 10,000 00 

for taxes and fees, ....... 1,387 31 

for rent, 2,400 00 

for commuting commissions, ....... 2,582 27 

for advertising, 2,06104 



72 



LIFE INSURANCE COMPANIES [Dec. 31, 



Cash paid for office and incidental expenses, . 
profit and loss account, . 

Total disbursements, 

Balance, 



$12,029 16 

1,529 78 

$194,701 23 

$632,882 24 



Invested in the following : — 

Assets as per Ledger Accounts. 
Cost value of real estate, . 
Loans on mortgage of real estate (first liens), 

on collateral security (schedule A), . 

on company's policies assigned as collateral, 
Cost value of stocks and bonds owned (schedule B), 
Cash in company's office, 
Cash deposited in bank, . 
Bills receivable, 
Agents 1 ledger balances, . 
Office furniture and fixtures, 

Ledger assets (as per balance), 



. $40,651 99 


. 333,098 


18 


17,030 


00 


8,751 


75 


. 218,765 


00 


869 


64 


9,064 04 


1,159 


76 


1,228 


20 


2,263 


68 


. $632,882 


24 



Other Assets 

Interest due and accrued, 
Bents clue and accrued, .... 
Market value of stocks and bonds, over cost 
Uncollected premiums on policies in force, 
Deferred premiums on policies in force, 

Total, 

Deduct loading, 

Net aiu't of uncollected and deferred prem's, 

Total assets per company's books, . 



$18,698 10 
29,786 00 

$48,484 10 
3,141 35 



9,209 6Q 

150 00 

13,285 00 



45,342 75 
. $700,869 65 



Items not Admitted. 



Furniture and fixtures, . 
Agents' balances, 
Bills receivable, 
Total, 

Total admitted assets, 



$2,263 68 
1,228 20 
1,159 76 



4,651 64 



$696,218 01 



Liabilities. 

Computed premium reserve or net present 
value of all outstanding policies (Actua- 
ries 1 4 per cent.), 

Deduct net value of re-insured risks, 

Net re-insurance reserve, .... 



!32,195 00 
7,517 00 



$624,678 00 



1876.] OF OTHER STATES. 73 

Death losses and matured endowments in process of adjust- 
ment, $11,277 00 

All other liabilities : reserved for other claims, . . . 4,000 00 



Liabilities as to policy-holders, $639,955 00 

Surplus as regards policy-holders, 56,263 01 



Gross liabilities, $696,218 01 



Exhibit of Policies. 

Policies and Additions in force December 31, 1875. 

Number. Amount. 

Whole-life policies, 2,067 $3,875,274 00 

Endowment policies, . . ... . . 848 1,045,529 00 

All other policies, 42 110,000 00 

New Policies Issued in 1876. 

Whole-life policies, 1,072 1,870,439 00 

Endowment policies, 169 203,813 00 

All other policies, 61 120,500 00 

Old Policies Bevived during the year. 

Whole-life policies, 13 25,000 00 

Endowment policies, 3 13,000 00 

Old Policies increased during the year. 

Endowment policies, - 1,000 00 

Additions by dividends, - 2,894 00 



Total number and amount, .... 4,275 $7,267,449 00 

Policies ceased to be in force during the year. 

Terminated by death, 32 $50,752 00 

by expiry, 16 26,500 00 

by surrender, 816 480,597 00 

by lapse, 390 681,300 00 

by change and decrease, ... 35 72,600 00 

Not taken, 216 416,131 00 



Total terminated, 1,005 $1,727,880 00 

Policies in force December 31, 1876. 

Whole-life policies, , ... . , . . 2,423 $1,389,036 00 

Endowment policies, 767 969,533 00 

All other policies, 80 181,000 00 



Totals, 3,270 $5,539,569 00 

10 



74 



LIFE INSURANCE COMPANIES [Dec. 31 



Schedule A. 






Securities held as Collateral. 






Market value. 


Amount loaned. 


United States 5-20 bond, .... 


$1,170 00 


$1,000 00 


(t a cc u 


1,170 00 


1,000 00 


40 shares Oriental Bank, 


2,000 00 


1,000 00 


25 " Fifth Nat'l Bank, . 


3,750 00 


2,500 00 


20 " Farragut Fire Ins. Co., . 


1,250 00 \ 
1,010 00 / 


1,500 00 


10 " Metropolitan Plate Glass Ins. Co., 


50 " Clark Thread Co., . 


6,000 00^ 
1,450 00/ 


6,630 00 


60 " Hamilton Fire Ins. Co., . 


St. Louis city bonds, 


2,140 00 


1,900 00 


Bond and mortgage assigned, 


2,000 00 


1,500 00 



$21,940 00 $17,030 00 



United States 10-40 bonds, 

" " 5-20 " 

Sodus (N, Y.) town bonds, . 
Somerset (N. Y.) town bonds, 
Yates (N. Y.) town bonds, 
Arcadia (N. Y.) town bonds, . 



Schedule B. 

Slocks and Bonds owned by the Company. 

Cost value. 

$116,077 50 
62,687 50 



10,000 00 

14,000 00 

11,000 00 

5,000 00 



Market value. 

$128,800 00 
63,250 00 
10,000 00 
14,000 00 
11,000 00 
5,000 00 



$218,765 00 $232,050 00 



KNICKERBOCKER LIFE INSURANCE COMPANY, NEW YORK. 

[Incorporated April, 1853. Commenced business April, 1853.] 

Paid-up Capital, $100,000. 

John A. Nichols, President. Secretary, Geo. F. Sniffen. 

Charles M. Hibbard, Actuary. 

Principal Office, 239 Broadway, New York. 

Attorney to accept service, Wallace D. Williams, Boston. 

Income. 

Total premium income, . $1,507,991 55 

Cash received for interest on stocks, bonds and loans, . . 284,741 65 
for interest on other debts due the company, 6,303 39 
as discount on claims paid in advance, . . 205 45 

for rent of company's property, . . . 47,859 28 



Total income, ..... 

Het or ledger assets, December 31, 1875, 



$1,847,101 32 
. 6,519,982 90 



Total, 



5,367,084 22 



1876.] 



OF OTHER STATES. 



75 



Disbursements. 

Cash paid for losses and additions, 
Premium notes or loans used in payment of same, 
Cash paid for matured endowments and additions, 
Premium notes or loans used in payment of same, 



$421,348 77 

56,879 35 

35,181 81 

25,592 57 



Gross amount paid for losses and endowments, . . $539,002 50 

Cash paid to annuitants, 177 00 

for surrendered policies, 572,937 11 

Premium notes or loans used in purchase of surrendered 

policies and voided by lapse, 260,312 12 

Cash dividends paid policy-holders, applied in payment of 

premiums, 213,844 89 

Premium notes or loans used in payment of dividends, . 36,458 25 



Total paid policy-holders, . . , $1,622,731 87 

Cash paid for dividends to stockholders, . . . . 10,103 25 

for commissions to agents, 27,172 49 

for salaries and travelling expenses of agents, . 6,425 12 

for medical examiners' fees, 3,242 00 

for salaries of officers and office employes, . . 38,757 68 

for taxes and fees, 4,717 68 

for rent, 14,000 00 

for advertising, 9,743 05 

for office and incidental expenses, $54,410.48 ; loss 

on sale of stocks, $69,268.20, .... 123,678 68 



Total disbursements, . . 
Balance, 



-,860,571 82 



5,506,512 40 



Invested in the following : — 

Assets as per Ledger Accounts 

Cost value of real estate, 

Loans on mortgage of real estate (first liens), 
Loans on collateral security (schedule A), . 
Premium notes or loans on policies in force, . 
Cost value of stocks and bonds owned (schedule B), 
Cash in company's office, ..... 
Cash deposited in bank, ...... 

Furniture, 

Improvements on real estate, 



Ledger assets (as per balance), 

Deduct depreciation from cost of assets, . 



$970,675 78 

2,133,439 27 

65,200 00 

2,633,595 67 

541,586 94 

343 00 

106,456 54 

25,612 52 

29,602 68 

56,506,512 40 
24,342 57 



Total net or ledger assets, 



$6,482,169 83 



76 



LIFE INSURANCE COMPANIES [Dec. 31, 



Other Assets. 
Interest due and accrued, 
Market value of real estate, over cost, . 
Market value of stocks and bonds, over cost, 
Uncollected premiums on policies in force, 
Deferred premiums on policies in force, 

Total, ...... 

Deduct loading (20 per cent.), 

Net am't of uncollected and deferred prem's, 

Total assets per company's books, . 



Items not Admitted. 

Furniture and fixtures, $25,612 52- 

Improvements on real estate, .... 29,602 68 
Total, 



$374,832 30 
12,256 25 
49,337 38 



$36,161 84 
23,326 91 

$59,488 75 
11,897 77 



47,590 98 



5,966,186 74 



55,215 20 



Total admitted assets, 



5,910,971 54 



Liabilities. 
Computed premium reserve or net present value of all out- 
standing policies (Actuaries' 4 per cent.), . . . $6,464,809 00 
Death losses due and unpaid, .... $30,100 00 
Death losses and matured endowments in 

process of adjustment, .... 227,195 00 

Claims resisted by the company, . . . 81,500 00 

Total policy claims, 338,795 00 

All other liabilities : book accounts, . . . . . 2,673 47 

Liabilities as to policy-holders, .... $6,806,277 47 

Surplus as regards policy-holders, 104,694 07 

Gross liabilities, $6,910,971 54 



Premium Note Account, 

Premium notes on hand, Dec, 31 , 1875, . . $2,820,069 91 

Premium notes or loans received during 1876, 206,282 53 

Total, ■ • A • • • • $3,026,352 44 

Used in payment of losses and claims, . . 82,471 92 
of surrendered policies and 

voided by lapse, . . 260,312 12 
of dividends to policy-hold- 
ers, 36,458 25 

Redeemed by maker in cash, . , . , 13,514 48 

Total, — 392,756 77 



Balance note assets, December 31, 1876, 



$2,633,595 67 



1876.] 



OF OTHER STATES. 



77 



Exhibit of Policies. 

Policies and Additions in force December 31, 1875. 

Number. Amount. 

Whole-life policies, 8,431 $19,566,535 00 

Endowment policies, 1,963 4,090,428 00 

All other policies, . 10 16,000 00 



New Policies Issued in 1876. 



Whole-life policies, . 
Endowment policies, 
All other policies, . 



601 


1,426,010 00 


158 


257,824 00 


186 


399,600 00 



Old Policies Revived during the year. 



Whole-life policies, . 
Endowment policies, 

Total number and amount, 



20 

7 



68,800 00 
4,000 00 



.11,376 $25,829,197 00 



Policies ceased to be in force during the year. 



Terminated by death, 


. 184 


$534,298 00 


by maturity, 


32 


59,754 00 


by expiry, .... 


3 


6,000 00 


by surrender, 


. 760 


2,076,189 00 


by lapse, .... 


. 797 


1,983,603 00 


by change and decrease, 


. 


5,500 00 


Not taken, 


31 


78,150 00 


Total terminated, .... 


. 1,807 


$4,743,494 00 



Policies in force December 31, 1876. 

Whole-life policies, 7,673 

Endowment policies, 1,724 

All other policies, 172 



$17,851,776 00 

2,879,827 00 

354,100 00 



Totals, 9,569 $21,085,703 00 



Schedule A. 





Securities held as 


Collateral. 

Market value. 


20 shares Grocers 1 Bank, 


$2,000 00^1 


14 ' 


' People's Fire Ins. Co., . 


1,169 00 1 


10 ' 


' Metropolitan Fire Ins. Co., 


180 00 } 


5 < 


' Lamar Fire Ins. Co., 


515 00 j 
. . 562 50 j 


5 


' Home Fire Ins. Co., 


40 


" First Nat'l Bank, . 


4,400 00 



Amount loaned. 



$3,200 00 



4,000 00 



78 



LIFE INSURANCE COMPANIES [Dec. 31, 



60 shares Peter Cooper Fire Ins. Co., . 


$2,400 00^ 




12 


t« 


Home Fire Ins. Co., 


1,350 


00 




120 


t( 


Pacific Fire Ins. Co., 


7,500 


00 




10 


t; 


Manuf. and Builders' Ins. Co., 


1,300 


00 




30 


c< 


Mercantile Marine Ins. Co., . 


3,000 


00 


» $16,000 00 


200 


cc 


Brooklyn Fire Ins. Co., . 


7,106 


00 




25 


(« 


Germania Fire Ins. Co., 


2,000 


00 




60 


it 


Williamsburgh City Fire Ins. Co., . 5,550 


00 




40 


K 


Pacific Bank, . ... 


5,400 


00 , 




20 


cc 


Park Bank, .... 


2,300 


00 > 




United States coupon bonds, . 


3,498 


75 


f 6,000 00 


10 shares First Nat'l Bank, . 


1,100 


00 J 




25 


(C 


Continental Fire Ins. Co., 


3,250 


00 1 




25 


cc 


Home Fire Ins. Co., 


2,812 


50 




10 


It 


Clinton Fire Ins. Co., . 


1,500 


00 


. 10,000 00 


10 


cc 


American Exchange Fire Ins. Co., 1,060 


00 


10 


cc 


Park Fire Ins. Co., 


1,520 


00 




50 


cc 


Montauk Fire Ins. Co., . 


3,750 


00- 




75 


cc 


Market Bank, 


8,100 


00 


6,000 00 


20 


cc 


Importers and Traders 1 Bank, 


3,700 


00 \ 




162 


cc 


Gallatin Nat'l Bank, . 


8,910 


00 


► 20,000 00 


100 


cc 


Nat'l Bank of the Republic, . 


10,000 


00 J 






$95,933 75 


$65,200 00 



Schedule B. 

Stocks and Bonds owned by 



United States bonds, 

Virginia state bonds, 

South Carolina state bonds, . 

Tennessee state bonds, . 

Alabama state bonds, 

Mississippi state warrants, 

American Exchange Bank stock, 

Fourth Nat'l Bank stock, 

Brooklyn City and Jamaica R. R. bonds 

Guaranty and Indemnity Co. stock, 

Central Park, N. and E. R. R. bonds, 

Erie preferred stock, 



the Company. 

Cost value. 

$378,092 42 

9,898 54 

43,350 50 

19,700 00 

9,995 00 

8,375 00 

11,347 50 

10,387 50 

19,270 48 

17,570 00 

1,600 00 

12,000 00 



Market value. 

$396,344 37 

7,590 00 

17,500 00 

11,440 00 

3,500 00 

10,000 00 

10,500 00 

10,000 00 

19,200 00 

17,570 00 

1,600 00 

12,000 00 



$541,586 94 $517,244 37 



1876.] 



OF OTHER STATES. 



79 



MANHATTAN LIFE INSURANCE COMPANY, NEW YORK. 

[Incorporated 1850. Commenced business August, 1850.] 

Paid-up Capital, $100,000. 

Henry Suokes, President. Secretary, Jacob L. Halsey. 

Christ's Y. Wemple, Vice-President. Actuary, Samuel N. Stebbins. 

Principal Office, 156 and 158 Broadway. 

Attorney to accept service, J. M. Everett, Boston. 

Income. 
Total premium income, $1,285,331 18 



Cash received for interest on stocks, bonds and loans, 

for interest on other debts due the company, 
as discount on claims paid in advance, . 
for profits on bonds, stocks or gold, sold, 

Collections from suspense account, 



504,001 26 

46,634 35 

1,529 21 

5,264 14 

434 52 



Total income, $1,843,194 66 

Net or ledger assets, December 31, 1875, .... 9,328,320 69 



Total, 



$11,171,515 35 



Disbursements. 

Cash paid for losses and additions, .... 
Premium notes or loans used in payment of same, 
Cash paid for matured endowments and additions, 
Premium notes or loans used in payment of same, 

Gross amount paid for losses and endowments, . 

Cash paid to annuitants, 

for surrendered policies, .... 
Premium notes or loans used in purchase of surrendered 

policies and voided by lapse, 

Cash dividends paid policy-holders, applied in payment of 

premiums, 

Premium notes or loans used in payment of dividends, 



$637,669 36 
49,452 75 
57,639 60 
25,945 40 

$770,707 11 

3,704 99 

98,369 27 

134,269 71 

271,356 54 
19,705 74 



Total paid policy-holders, . . . $1,298,113 36 

Cash paid for dividends to stockholders, 
for commissions to agents, . 
for medical examiners 1 fees, . 
for salaries of officers and office employes, 
for taxes and fees, 
for rent, .... 

for commuting commissions, 
for advertising, 



55,000 00 

121,153 02 

9,226 00 

70,452 66 

8,931 51 

14,500 00 

410 42 

9,576 01 



80 



LIFE INSURANCE COMPANIES [Dec. 31, 



Cash paid for other items ; viz., expenses on real estate, 
$1,195.17; office and incidental expenses, 

5,119.45, $19,314 62 



Total disbursements, 



. $1,606,677 60 



Balance, . . .■'.". $9,564,837 75 



Invested in the following : — 

Assets as per Ledger Accounts 

Cost value of real estate, 

Loans on mortgage of real estate (first liens), . 

Loans on collateral security (schedule A), , 

Premium notes or loans on policies in force, 

Cost value of stocks and bonds owned (schedule B), 

Cash in company's office, 

Cash deposited in bank, 

Bills receivable, 

Agents 1 ledger balances, 

Ledger assets (as per balance), 



Other Assets 

Interest due and accrued, 
Market value of stocks and bonds, over cost, 
Uncollected premiums on policies in force, 
Deferred premiums on policies in force, 



Total, 

Deduct loading (20 per cent), 

Net anft of uncollected and deferred prem's 

Postage stamps, ..... 



$206,851 56 

5,040,160 29 

818,147 90 

2,014,314 28 

1,231,684 25 

1,685 03 

242,459 04 

8,000 00 

1,535 40 



1,564,837 75 



$255,386 86 
27,964 13 



$151,212 44 
107,388 65 

$258,601 09 
51,720 23 



206,880 86 
78 89 



Total assets per company's books, 

Items not Admitted. 

Agents 1 balances, 

Bills receivable, 

Total, 

Total admitted assets, .... 



,055,148 49 



$1,535 40 

8,000 00 



9,535 40 



$10,045,613 09 



Liabilities. 

Computed premium reserve or net present value of all 

outstanding policies (Actuaries 1 4 per cent.), . . . $8,386,867 00 

Death losses and matured endowments in 

process of adjustment, .... $218,931 89 



1876.] 



OF OTHER STATES. 



81 



Claims resisted by the company, $41,500 00 

Total policy claims, .... 

Unpaid dividends of surplus due policy-holders, . , 

Liabilities as to policy-holders, ..... 
Surplus as regards policy-holders, ... 

Gross liabilities, . . . . . 



$260,431 89 
95,161 47 



. $8,742,460 36 
. 1,303,152 73 

$10,045,613 09 



Premium Note Account. 

Premium notes on hand, Dec. 31, 1875, . $2,180,500 10 

Premium notes or loans received during 1876, 93,227 04 

Total, . $2,273,727 14 

Used in payment of losses and claims, . $75,398 15 
of surrendered policies and 

voided by lapse, . . 134,269 71 
of dividends to policy- 
holders, . . . 19,705 74 
Redeemed by maker in cash, . . . 9,122 29 
Charged agents for collection, . . . 20,916 97 

Total, 259,412 86 

Balance note assets, December 21, 1876, . . . $2,014,314 28 

Exhibit op Policies. 

Policies and Additions in force December 31, 1875. 

Number. Amount. 

Whole-life policies 11,086 $36,089,794 00 

Endowment policies, 1,630 3,761,822 00 

All other policies, 

Reversionary additions, 



New Policies Issued in 1876. 



Whole-life policies, . 
Endowment policies, 



47 


110,365 00 


— 


121,882 00 


6. 

. 1,276 


3,593,787 00 


. 176 


308,203 00 



Old Policies increased during the year. 
Additions by dividends, ...... 



Total number and amount, 



2,977 00 



. 14,215 $43,988,830 00 



Policies ceased to be in force during the year. 



Terminated by death, .... 


. 201 


$687,486 00 


by maturity, 


43 


83,585 00 


by surrender, 


. 170 


492,460 00 


by lapse, .... 


. 717 


2,198,974 00 


by change and decrease, 


. 267 


975,100 00 






608,467 00 






$5,046,072 00 


11 







82 



LIFE INSURANCE COMPANIES [Dec. 31. 



Policies in force December 31, 1876. 



Whole-life policies, . 
Endowment policies, 
All other policies, . 
Reversionary additions, 

Totals, 



11,052 


$35,391,742 00 


1,511 


3,328,696 00 


45 


105,365 00 





116,955 00 


12,608 


$38,942,758 00 



Schedule A. 
Securities held as Collateral. 

Market value. 

District of Columbia 3-65 bonds, . 
United States 5-20 bonds, 
300 shares Western Union Telegraph Co., 
315 " Citizens' Fire Ins. Co., . 
Jersey City bonds, .... 
Brooklyn City water loan, 
United States 5-20 bonds, 
2100 shares Western Union Telegraph Co., 
500 " Lake Shore R. R., 
Union Pacific 1st mortgage bonds, . 
Central Pacific 1st mortgage bonds, 
N. J. Central 1st mortgage bonds, . 
Lake Shore Sinking Fund bonds, . 
200 shares N. Y. Central & Hudson R. R. R 



37 " Continental Nat'l Bank, 
100 " Lake Shore R. R., . 

20 " Metropolitan Bank, 

16 " Merchants 1 Exchange Bank, 

45 " Bank of the Republic, . 
390 " Citizens' Nat'l Bank, . 

31 " Eighth Avenue R. R., . 
180 " Broadway Bank, . 

53 " Citizens' Bank, 
100 " Lake Shore R. R., . 
500 " N. Y. Central & Hudson R. R. R 
Westchester County bonds, 

500 shares N. Y. Central & Hudson R. R. R 

300 " Harlem, preferred, 

10 " N. Y. Guar, and Indemnity Co 

1500 " N. Y. Central & Hudson R. R. R 

990 " Harlem R. R., 

106 " Union Trust, 
1065 " Butchers and Drovers' Bank, 
Westchester County bonds, . 
750 shares Citizens' Nat'l Bank, 
113 " Bowery Fire Ins. Co., . 

22 " Citizens' Fire Ins. Co., . 

80 " Stuyvesant Fire Ins. Co., 



} 



$28,400 00 

1,097 50 

22,000 00 

11,250 00 

4,160 00 

1,030 00 

1,097 50 

149,100 00 

28,000 00 

85,000 00 

20,000 00 

16,050 00 

15,600 00 

20,200 00 

2,590 00 

5,700 00 

2,500 00 

776 00 

4,275 00 

11,310 00 

4,650 00 

9,000 00 

1,547 00 

5,700 00 

50,500 00 

1,040 00 

50,500 00 

20,250 00 

1,000 00 

151,500 00 

66,825 00 

16,100 00 

33,547 00^ 

15,600 00 

21,750 00 

6,356 00 

790 00 

3,340 00 J 



} 



Amount loaned. 

$22,500 00 

1,000 00 

15,000 00 

2,500 00 

3,600 00 

900 00 

900 00 

150,000 00 



100,000 00 

12,000 00 

17,000 00 

1,000 00 

6,508 73 

11,000 00 

5,000 00 

5,750 00 

40,000 00 

900 00 

45,000 00 

16,289 17 

200,000 00 



73,000 00 



1876.] 



OF OTHER STATES. 



83 



60 shares 


100 


t« 


300 


Cl 


100 


M 


40 


u 


89 


(( 


175 


i; 


8 


(C 


220 


(C 


20 


«( 


100 


11 


10 


t( 


40 


a 


100 


a 


40 


ct 


100 


ic 


15 


« 


200 


(( 


20 


it 



Citizens' Nat'l Bank, 

Third Avenue R. R., 

Citizens' Fire Ins. Co , 

People's Bank, 

Bank of Commerce, 

Manhattan Co. Bank, 

Shoe and Leather Bank, 

Bank of Commerce, 

Brooklyn Gas Light Co 

Union Trust, . 

Lake Shore R. R., . 

Metropolitan Gas Co., 

Citizens' Nat'l Bank, 

Western Union Telegraph Co., 

People's Bank, 

Harlem Gas Light Co., 

Bank of Commerce, 

N. Y. Central & Hudson R. R. R., 



$1,740 00 > 
16,000 00 I 
10,800 00 J 
3,250 00 a 
4,320 00 I 
6,007 00 J 
23,100 00 
864 00 
9,900 00 
3,100 00 >j 
5,700 00 I 
1,400 00 | 
1,160 00 J 
7,100 00 
1,300 00 
10,500 00 
1,620 00 
20,200 00 
2,020 00 



} 



$18,800 00 

11,500 00 

17,500 00 

750 00 

6,000 00 

4,550 00 

6,500 00 

5,000 00 

200 00 

16,000 00 

1,500 00 



$1,020,212 00 $818,147 90 

Schedule B. 
Stocks and Bonds owned by the Company. 

Cost value. Market value. 

1,008,407 50 $1,023,568 88 



United States bonds, .... 
Virginia state bonds, .... 
" deferred, .... 

New York state bounty bonds, 

" city bounty redemption bonds, 

Brooklyn Public Park Loan, . 
100 shares Bank of Commerce, 



} 



4,500 00 

100,203 75 
8,613 00 

100,500 00 
9,460 00 



5,082 00 

101,000 00 

9,135 00 

110,000 00 

10,862 50 



.,231,684 25 $1,259,648 38 



METROPOLITAN LITE INSURANCE COMPANY, NEW YORK. 

[Incorporated June, 1866. Commenced business June, 1867.] 

Paid-up Capital, $200,000. 

Jos. F. Knapp, President. Secretary, Robert A. Granniss. 

Vice-President, John R. Hegeman. Actuary, William P. Stewart. 

Principal Office, cor. Park Place and Church Street, New York. 

Attorney to accept service, Chaplin G. Tyler, Wakefield. 

Total premium income, . . . . . . . . $849,921 61 

Cash received for interest on stocks, bonds and loans, . . 87,589 90 



84 



LIFE INSURANCE COMPANIES [Dec. 31 . 



Cash received for interest on other debts due the company, $6,274 95 
for rent of company's property, . . 17,493 92 



Total income, $961,280 38 

Net or ledger assets, December 31, 1875, less depreciation 
of $73,107.01, 1,649,364 06 



Total, 



$2,610,644 44 



Disbursements. 
Cash paid for losses and additions, 
Premium notes or loans used in payment of same, 
Cash paid for matured endowments and additions, 
Premium notes or loans used in payment of same, 



208,515 70 

1,999 30 

21,731 92 

3,524 08 



Gross amount paid for losses and endowments, . . $235,771 00 

Cash paid for surrendered policies, 92,246 29 

Premium notes or loans used in purchase of surrendered 

policies and voided by lapse, 66,871 96 

Cash dividends paid policy-holders, applied in payment of 

premiums, 85,221 00 

Premium notes or loans used in payment of dividends, . 2,353 49 



Total paid policy-holders, . . . $482,463 74 

Cash paid for dividends to stockholders, 

for commissions to agents, .... 
for salaries and travelling expenses of agents, 
for medical examiners 1 fees, . 
for salaries of officers and office employes, . 

for taxes and fees, 

for rent, . . . • 

for commuting commissions, 

for advertising, etc., 

for agency and incidental expenses, 



Total disbursements, 



7,000 00 
93,665 68 
11,284 35 
13,743 00 
34,916 99 

4,496 6Q 

8,875 13 
11,109 13 
19,185 72 

4,928 32 



1,668 72 



Balance, 



Invested in the following : — 

Assets as per Ledger Accounts. 

Cost value of real estate, 

Loans on mortgage of real estate (first liens), 
on collateral security (schedule A), . 
Premium notes or loans on policies in force, . 
Par value of stocks and bonds owned (schedule B), 

Cash in company's office, 

deposited in bank, 



$1,918,975 72 



$276,610 77 

706,250 00 

96,240 74 

365,689 26 

323,000 00 

1,266 22 

19,736 31 



1876.] 



OF OTHER STATES. 



Agents' ledger balances, .... 
Furniture, safes and fixtures, $15,908.37; commuted com 
missions, $48,696.15, .... 

Ledger assets (as per balance) , 

Other Assets. 

Interest due and accrued, 
Rents due and accrued, .... 
Market value of stocks and bonds, over par, 
Uncollected premiums on policies in force, 
Deferred premiums on policies in force, 



Total, 

Deduct loading (15-j- per cent.), . 

Net am't of uncollected and deferred preni's, 



s. 


85 


m t 


. $65,577 90 


auted com- 


. 


64,604 52 


• 


$1,918,975 72 




27,611 12 


, , 


2,415 50 


. 


31,862 50 


$152,687 


17 


215,451 


32 



$368,138 49 
57,619 37 



310,519 12 



$2,291,383 96 



$15,908 37 
48,696 15 
65,577 90 



130,182 42 



$2,161,201 54 



Total assets per company's books, . 

Items not Admitted. 

Furniture and fixtures, . . . . 
Commuted commissions, .... 

Agents' balances, 

Total, 

Total admitted assets, .... 

Liabilities. 

Computed premium reserve or net present 
value of all outstanding policies (Actua- 
ries' 4 per cent.) ,* $2,013,507 00 

Deduct net value of re-insured risks, . . 250 00 

Net re-insurance reserve, . . . $2,013,257 00 

Death losses and matured endowments in process of adjust- 
ment 37,151 00 

Unpaid dividends of surplus due policy-holders, . . . 1,657 00 

All other liabilities : premiums paid in advance, $16,551.21 ; 
premium loans in excess of reserve, $15,000 ; miscellane- 
ous, $5,016.27, . . . . . . . . . 36,567 48 



Liabilities as to policy-holders, 

Surplus as regards policy-holders (see note) , . 

Gross liabilities, 



12,088,632 48 
72,569 06 

£2,161,201 54 



* The reserve endowment policies of this company are returned to this department as 
ordinary life-policies, and so valued. The strictly accurate method would be to regard them 
as term insurance coupled with pure endowment. This method of valuation would con- 
siderably reduce the reserve liability. The Actuary of the New York Department estimates 
this difference at $90,000, which, if correct, would increase the surplus of the company by 
that amount. 



86 LIFE INSUKANCE COMPANIES [Dec. 31, 

Premium Note Account. 



Premium notes on hand, Dec. 31, 1875, . 


$374,969 68 




Premium notes or loans received during 1876, 


65,946 98 




Total 




|440,916 66 






Used in payment of losses and claims, . 


$5,523 38 




of surrendered policies and 






voided by lapse, 


67,350 53 




of dividends to policy-hold- 






ers, . 


2,353 49 




Total 




75,227 40 




• • • 


Balance note assets, December 31, 1876, 


$365,689 26 



Exhibit of Policies. 

Policies and Additions in force December 31, 1875. 

Number. Amount. 

Whole-life policies, ....... 15,705 $23,716,218 00 

Endowment policies, 1,715 1,370,803 00 

All other policies, . 21 20,066 00 

New Policies Issued in 1876. 

Whole-life policies, . . . . . . . 3,881 4,879,871 00 

Endowment policies, 44 32,468 00 

All other policies, 2 918 00 

Old Policies Revived during the year. 

Whole-life policies, 168 281,623 00 

Endowment policies, 21 22,152 00 



Total number and amount, .... 21,557 $30,324,119 00 
Policies ceased to be in force during the year. 



Terminated by death, .... 


. 193 


$234,271 00 


by maturity, ... 


2 


1,500 00 


by surrender, . 


. 592 


868,306 00 


by lapse, .... 


. 2,965 


4,399,675 00 


by change and decrease, 


. 101 


223,260 00 


Not taken, 


. 196 


373,343 00 


Total terminated, . . 


. 4,049 


$6,100,355 00 



Policies in force December 31, 1876. 

Whole-life policies, . 16,049 $23,164,378 00 

Endowment policies, ...... 1,441 1,044,707 00 

All other policies, 18 14,679 00 



Totals, 17,508 $24,223,764 00 



1876.] 



OF OTHER STATES. 



87 



Schedule A. 

Securities held as Collateral. 

Market value. 

Brooklyn Public Park bonds, . . . '\gi05 750 00 
Nat 1 ! Shoe and Leather bank (N. Y.), . 



•}|105,- 



Amount loaned. 



$96,240 74 



United States bonds, 
Brooklyn city bonds, 
Peekskill (N. Y.) water bonds, 
Rochester city (N. Y.) bonds, 
New York city bonds, 
Rochester city (N. Y.) bonds, . 



Schedule B. 

Stocks and Bonds owned by the Company. 

Par value. 

$138,000 00 



62,000 00 

25,000 00 

38,000 00 

25,000 00 

35,000 00 



Market value. 

$152,952 50 

68,480 00 

27,250 00 

42,180 00 

25,500 00 

38,500 00 



$323,000 00 $354,862 50 



MUTUAL LIFE INSURANCE COMPANY, NEW YORK. 

[Incorporated 1843. Commenced business February 1, 1843.] 

F. S. Winston, President. Secretary, Isaac F. Lloyd. 

R. A. McCurdy, Vice-President. Actuary, W. H. C. Bartlett. 

Principal Office, New York. 
Attorney to accept service, Amos D. Smith, 3d, Boston. 



Income. 

Total premium income, ...... 

Cash received for interest on stocks, bonds and loans, 

for interest on other debts due the company, 

for rents of company's property, . 

for profits on bonds, stocks or gold sold, 

Total income, 

Net or ledger assets, December 31, 1875, 



Total, 



$15,136,703 36 

4,696,135 36 

82,869 12 

65,566 29 

33,689 57 

$20,014,963 70 
. 75,414,923 42 

$95,429,887 12 



Disbursements. 
Cash paid for losses and additions, 

for matured endowments and additions, 

Gross amount paid for losses and endowments, 

Cash paid to annuitants, 

for surrendered policies and additions, 
Cash dividends paid policy-holders, 



^3,751,359 20 

708,099 32 

£4,459,458 52 

30,730 18 

6,313,666 52 

3,701,700 34 



Total paid policy-holders, 



$14,505,555 56 



88 



LIFE INSURANCE COMPANIES [Dec. 31, 



Cash paid for commissions to agents, . 

for medical examiners' fees, . 

for salaries of officers and office employes, 

for taxes and fees, .... 

for commuting commissions, 

for furniture and office fixtures, . 

for advertising, 

for other items; viz., contingent guarantee ac- 
count, $56,160.85 ; office k and incidental ex- 
penses, $194,705.08, . . . 

Total disbursements, 



$463,433 76 

41,370 78 

312,363 58 

76,967 42 

213,533 73 

6,637 25 

32,258 24 



250,865 93 



$15,902,986 25 



Balance, 



$79,526,900 87 



Total, . . . • . . . 
Deduct loading (25 per cent.), 
Net am't of uncollected and deferred prem's 



Invested in the following :— 

Assets as per Ledger Accounts. 

Cost value of real estate, 

Loans on mortgage of real estate (first liens), . 

Cost value of stocks and bonds owned (schedule A), 

Cash deposited in bank, 

Agents' ledger balances, 

Ledger assets (as per balance), 



Other Assets 

Interest due and accrued, 
Market value of stocks and bonds, over cost 
Uncollected premiums on policies in force, 
Deferred premiums on policies in force, 



. $4,246,245 40 

. 60,856,200 18 

. 12,223,103 86 

. 2,183,001 73 

18,349 70 



$79,526,900 87 



. 1,322,294 16 
450,465 47 



$137,195 10 
923,332 99 

$1,060,528 09 
265,132 02 



795,396 07 



Total assets per company's books, 

Items not Admitted. 
Agents' balances, 

Total admitted assets, .... 



,095,056 57 



18,349 70 



,076,706 87 



Liabilities. 

Computed premium reserve or net present value of all out- 
standing policies (Actuaries' 4 per cent.) . . ." $76,218,458 00 

Death losses and matured endowments in process of adjust- 
ment, $610,750 00 



1876.] 



OF OTHER STATES. 



89 



Claims resisted by the company, . . . $147,500 00 

Total policy claims, .... 

All other liabilities : premiums paid in advance, . 

Liabilities as to policy-holders, .... 
Surplus as regards policy-holders, 



$758,250 00 
24,372 43 



$77,001,080 43 
. 5,075,626 44 



Gross liabilities, 



,076,706 87 



Exhibit of Policies. 
Policies in force December 31, 1875. 

Number. Amount. 

Whole-life policies, .72,885 $230,861,204 00 

Endowment policies, ...... 19,369 49,266,721 00 

All other policies, 139 153,825 00 

Revisionary additions, - 24,775,471 00 



New Policies Issued in 1876. 



Whole-life policies, . 
Endowment policies, 
All other policies, . 



6,823 

1,292 

5 



18,901,630 00 

2,674,515 00 

5,000 00 



Old Policies JRevived during the year. 

Whole-life policies, 1,020 

Endowment policies, 203 

All other policies, 1 

Old Policies increased during the year. 
Additions by dividends, . 



Total number and amount, 



Policies ceased to be in force during the year. 



Terminated by death, 

by maturity, 

by expiry, . 

by surrender, 

by lapse, 

by decrease, 
Reversionary additions terminated 
Not taken, .... 

Total terminated, 



3,350,200 00 

451,840 00 

1,000 00 



6,743,508 00 



101,737 $337,184,914 00 



1,020 $3,288,080 00 

176 604,135 00 

4 4,000 00 

4,517 14,413,880 00 

2,984 8,252,170 00 

338,080 00 

6,412,857 00 

911 2,593,675 00 

9,612 $35,906,877 00 



Policies in force December 31, 1876. 

Whole-life policies, 74,047 $252,873,894 00 

Endowment policies, 17,943 48,232,046 00 

All other policies, . 135 172,097 00 



Totals, 92,125 $301,278,037 00 

12 



90 



LIFE INSURANCE COMPANIES [Dec. 31, 



Schedule A. 

Stocks and Bonds owned by the Company. 

Par value.* 

$7,473,550 00^1 
50,000 00 ' 
118,000 00 
2,405,000 00 
140,500 00 
56,000 00 
215,000 00 
500,000 00 
590,000 00 
500,000 00 
14,000 00 
1,500 00 J 



United States bonds, 

Cherry Valley bonds, . 

Yonkers city bonds, 

New York city and revenue bonds, 

Buffalo city bonds, . 

Elmira city bonds, . 

Missouri state bonds, 

Boston water bonds, 

San Francisco gold bonds, 

Providence gold bonds, . 

Union County (N. Y.) bonds, 

North Plainfield town bonds, . 



Market value. 



412,673,569 33 



112,063,550 00 $12,673,569 33 



MUTUAL BENEFIT LIFE INSURANCE COMPANY, NEWARK, N. J. 

[Incorporated January 31, 1845. Commenced business April, 1845.] 

Lewis C. Grover, President. Secretary, Edward A. Strong. 

James B. Pearson, Vice-President. Actuary, B. J. Miller. 

Principal Office, 752 Broad Street, Newark. 

Attorney to accept service, James B. Niver, Boston. 

Income. 

Total premium income, $4,670,870 92 

Cash received for interest on stocks, bonds, and loans, . 2,003,276 00 
as discount on claims paid in advance, . . 1,275 84 

for rents of company's property, . . . 2,187 50 

for profits on bonds, stocks or gold sold, . 4,800 00 



Total income, $6,682,410 26 

Net or ledger assets, December 31, 1875, .... 30,190,184 26 



Total, 



$36,872,594 52 



Disbursements. 
Cash paid for losses and additions, 
Premium notes or loans used in payment of same, 
Cash paid for matured endowments and additions, 
Premium notes or loans used in payment of same, 

Gross amount paid for losses and endowments, 

* Cost value, $12,223,103.86. 



$1,868,086 70 

124,608 78 

106,321 94 

9,678 06 

$2,108,695 48 



1876.] 



OF OTHER STATES. 



91 



Cash paid to annuitants, 

for surrendered policies, 

Premium notes or loans used in purchase of surrendered 
policies and voided by lapse, 

Cash surrender values, including reconverted additions ap- 
plied in payment of premiums, 

Cash dividends paid policy-holders, $85,151.70, applied in 
payment of premiums, $1,353,484.73, , . 

Premium notes or loans used in payment of dividends, 

Total paid policy-holders, . . . $4,534,752 53 

Cash paid for commissions to agents, 

for medical examiners' fees, 

for salaries of officers and office employes, . 

for taxes and fees, 

for other items ; viz., office and incidental ex- 
penses, 

for premium on bonds purchased, 



Total disbursements, 
Balance, . 



$2,596 67 
362,307 07 

203,093 29 

272,265 41 

1,438,636 43 
147,158 18 



356,854 28 
26,202 58 
88,850 00 

100,497 29 

79,086 36 
368,530 00 



>,554,773 04 



$31,317,821 48 



Invested in the following : — 

Assets as per Ledger Accounts 

Cost value of real estate, . . . . 
Loans on mortgage of real estate (first liens), . 
Premium notes or loans on policies in force, 
Par value of stocks and bonds owned (schedule A), 

Cash in company's office, 

deposited in bank, 

Agents' ledger balances, ..... 

Ledger assets (as per balance) , 



$286,383 14 

12,615,948 45 

5,647,079 98 

11,935,198 68 

20,854 56 

779,222 90 

33,133 77 



$31,317,821 48 



Other Assets 

Interest due and accrued, 
Market value of stocks and bonds, over par 
Uncollected premiums on policies in force, 
Deferred premiums on policies in force, 

Total 

Deduct loading (20 per cent.), 

Net am't of uncollected and deferred prem's, 



$144,904 88 
126,212 20 

$271,117 08 
54,223 42 



671,386 19 
1,163,449 46 



216,893 Q6 



Total assets per company's books, 



$33,369,550 79 



92 LIFE INSURANCE COMPANIES [Dec. 31, 

Items not Admitted. 
Agents 1 balances, ' $33,133 77 



Total admitted assets, . . . . ..-' . . $33,336,417 02 

Liabilities. 

Computed premium reserve or net present value of all 

outstanding policies (Actuaries' 4 per cent.), . . $29,039,123 00 

Death losses and matured endowments in 

process of adjustment, .... $628,18500 

Claims resisted by the company, . . . 35,000 00 

Total policy claims, . ' . . . 663,185 00 

Unpaid dividends of surplus due policy-holders, . . . 288,157 76 

All other liabilities : premiums paid in advance, . . . 13,452 56 



Liabilities as to policy-holders, .... $30,003,918 32 
Surplus as regards iDolicy-holders, . . . . 3,332,498 70 



Gross liabilities, $33,33,6,417 02 

Premium Note Account. 

Premium notes on hand, Dec. 31, 1875, . $5,843,852 88 

Premium notes or loans received during 1876, 287,765 41 

Total, $6,131,618 29 

Used in payment of losses and claims, . . $134,286 84 
of surrendered policies and 

voided by lapse, . . 203,093 29 
of dividends to policy-hold- 
ers, .... 147,158 18 
Total, 484,538 31 



Balance note assets, December 31, 1876, . . . $5,647,079 98 

Exhibit of Policies. 

Policies and Additions in force December 31, 1875. 

Number. Amount. 

Whole-life policies, 39,679 $125,212,078 00 

Endowment policies, 3,291 8,736,825 00 

All other policies, . . . . .. . . 45 155,200 00 

New Policies Issued in 1876. 

Whole-life policies, 3,348 8,826,245 00 

Endowment policies 264 693,285 00 

All other policies, 5 9,000 00 

Old Policies Revived during the year. 

Whole-life policies, . 30 112,833 00 

Endowment policies, 3 22,666 00 



1876.] 



OF OTHER STATES. 



93 



Old Policies Increased during the year. 

Whole-life policies, 6 

Endowment policies, 



Total number and amount, 



Policies ceased to be in force during the year. 



Terminated by death, 

by maturity, 

by surrender, 

by lapse, 

by change and decrease, 

by transfer, . 
Not taken, .... 



$1,900 00 
8,500 00 



.46,671 $143,778,532 00 



569 

32 

458 

1,404 

591 

2 

308 



12,119,317 00 

120,500 00 

1,594,248 00 

3,843,050 00 

3,456,432 00 

7,500 00 

790,500 00 



Total terminated, 



. 3,364 $11,931,547 00 



Policies in force December 31,1876. 



Whole-life policies, . 
Endowment policies, 
All other policies, . 



.39,998 $123,436,879 00 

. 3,271 8,287,906 00 

38 122,200 00 



Totals, .43,307 1131,846,985 00 



Schedule A. 



Stocks and Bonds owned 



United States bonds, 
Brooklyn city bonds, 
Newark city bonds, . 
Elizabeth city (N. J.) bonds, 
Kahway city (N. J.) bonds, 
Utica city (N. Y.) bonds, 
Springfield city (111.) bonds, 
Orange city (N. J.) bonds, 
Auburn city (N. Y.) bonds, 
Jersey City bonds, . 
Dayton city (Ohio) bonds, 
Cleveland city (Ohio) bonds, 
New Brunswick city (N. J.) bonds 
Erie city (Pa.) bonds, 
Toledo city (Ohio) bonds, 
South Bend city (Ind.) bonds, 
Lafayette city (Ind.) bonds, 
Sandusky city (Ohio) bonds, 
Dover city (N. J.) bonds, 
Essex County (N. J.) bonds, 
Union County (N. J.) bonds, 



by the Company. 

Par value. 

$3,318,000 00 

65,000 00 

3,390,000 00 

551,000 00 

121,000 00 

145,000 00 

89,000 00 

80,000 00 

150,000 00 

50,000 00 

130,000 00 

594,500 00 

14,000 00 

152,000 00 

173,000 00 

61,500 00 

160,000 00 

100,000 00 

5,000 00 

2,148,000 00 

142,000 00 



Market value. 

$3,830,247 50 

70,900 00 

3,713,100 00 

551,000 00 

121,000 00 

152,250 00 

94,340 00 

84,000 00 

157,500 00 

55,000 00 

137,800 00 

636,115 00 

14,000 00 

152,000 00 

181,650 00 

64,575 00 

168,000 00 

104,000 00 

5,000 00 

2,362,800 00 

142,000 00 



94 



LIFE INSURANCE COMPANIES [Dec. 31. 



West Orange township (N. J.) bonds, 
East Orange township (N. J.) bonds, 
Massachusetts state bonds, 



$123,000 00 $123,000 00 

172,398 68 177,570 64 

800 00 800 00 



$11,935,198 68 $13,098,648 14 



NATIONAL LIFE INSURANCE COMPANY, MONTPELIER, VT. 

[Incorporated November 13, 1848. Commenced business February 1, 1850.] 

Paid-up Capital, $66,000. 

Julius Y. Dewey, President. Secretary, Geo. W. Reed. 

Charles Dewey, Vice-President. Actuary, Edward Dewey. 

Principal Office, State Street, Montpelier. 

Attorney to accept service, James T. Phelps, Boston. 

Income. 

Total premium income, $275,842 48 

Cash received for interest on stocks, bonds and loans, . . 101,956 95 

for interest on other debts clue the company, . 788 70 

as discount on claims paid in advance, . . 372 74 

for rents of company's property, . . . 978 30 



Total income, 

Net or ledger assets, December 31, 1875, 



Total, 



. $379,939 17 
. 1,835,164 48 

$2,215,103 65 



$77,417 39 

244 92 

7,175 00 



Disbursements. 
Cash paid for losses and additions, .... 

Premium notes or loans used in payment of same, 
Cash paid for matured endowments and additions, 

Gross amount paid for losses and endowments, , . $84,837 31 

Cash paid to annuitants, 1,204 22 

for surrendered policies, 39,494 21 

Premium notes or loans used in purchase of surrendered 

policies and voided by lapse, 4,483 11 

Cash dividends paid policy-holders, . . . . . 47,235 13 

Premium notes or loans used in payment of dividends, . 1,979 88 

Total paid policy-holders, . . . $179,233 86 

Cash paid for dividends to stockholders, .... 2,665 00 

for commissions to agents, . . . . . 24,712 98 

for salaries and travelling expenses of agents, . 5,686 28 

for medical examiners' fees, 1 ,266 40 



1876.] 



OF OTHER STATES. 



95 



Cash paid for salaries of officers and office employes, . 

for taxes and fees, 

for rent, 

for advertising, 

for office and incidental expenses, 

Total disbursements, 



,795 92 

1,815 87 

2,199 92 

135 50 

3,302 77 



$231,814 50 



Balance, 






Invested in the following : — 

Assets as per Ledger Accounts. 

Cost value of real estate, 

Loans on mortgage of real estate (first liens), 

on collateral security (schedule A), . 

on company's policies assigned as collateral, 
Premium notes or loans on policies in force, . 
Par value of stocks and bonds owned (schedule B), 

Cash in company's office, 

deposited in bank, 

Agents' ledger balances, 

Vermont Mutual Fire Ins. Co.'s acceptances, $39,815.41 
postage stamps, $197, 

Ledger assets (as per balance) , 



Other Assets. 

Interest due and accrued, . 
Market value of stocks and bonds over par, . 
Uncollected premiums on policies in force, . 
Deferred premiums on policies in force, 



fl,983,289 15 



$17,100 00 

881,220 52 

47,100 00 

6,893 11 

28,661 06 

849,850 00 

1,837 47 

62,450 32 

48,164 26 

40,012 41 

,983,289 15 



Total, 

Deduct loading (15 per cent.), 
Net amount of uncollected and deferred pre- 
miums, 

Total assets per company's books, . 



$11,736 13 
18,796 98 

$30,533 11 
4,579 97 



70,038 49 
45,217 50 



25,953 14 



52,124,498 28 



Items not Admitted. 



Agents' balances, 

Total admitted assets, 



48,164 26 
1,076,334 02 



Liabilities. 

Computed premium reserve or net present value of all out- 
standing policies (Actuaries' 4 per cent.), . . . $1,320,968 00 



96 LIFE INSUEANCE COMPANIES [Dec. 31, 

Death losses due and unpaid, .... $1,000 00 
Death losses and matured endowments in 

process of adjustment, .... 38,500 00 

Total policy claims, $39,500 00 

Unpaid dividends of surplus due policy-holders, . . . 45,454 15 

due stockholders, 500 00 

All other liabilities, premiums paid in advance, . . . 4,493 00 



Liabilities as to policy-holders, .... $1,410,915 15 
Surplus as regards policy-holders, 665,418 87 



$244 92 


$35,430 65 


4,483 11 




1,979 88 




61 68 






6,769 59 




■ t • 


$28,661 06 



Gross liabilities, $2,076,334 02 

Premium Note Account. 
Premium notes on hand, Dec. 31, 1875, . . $31,935 01 
" " or loans received during 1876, 3,495 64 

Total, . 

Used in payment of losses and claims, . 

of surrendered policies and 

voided by lapse, 
of dividends to policy-hold- 
ers, 

Redeemed by maker in cash, .... 
Total, 

Balance note assets, December 31, 1876, . 

Exhibit of Policies. 

Policies and Additions in force December 31, 1875. 

Number. Amount. 

Whole-life policies, . . . . . . . 4,320 $9,233,657 00 

Endowment policies, 302 495,951 00 

All other policies, 29 115,500 00 

Reversionary additions, - 74,428 00 

New Policies Issued in 1876. 

Whole-life policies, 365 1,036,940 00 

Endowment policies, 8 t 14,000 00 

All other policies, 8 43,000 00 

Old Policies Revived during the year. 
Whole-life policies, .... ... 7 9,000 00 

Old Policies Increased during the year. 
Whole-life policies, . . . .. . . . - 6,500 00 

Additions by dividends, - - 1,751 00 



Total number and amount, .... 5,039 $11,030,727 00 



1876.] 



OF OTHER STATES. 



97 



Policies ceased to be in force during the year. 

Terminated by death, 

by maturity, 

by expiry, . 

by surrender, 

by lapse, 

by change and decrease, 
Not taken, 



7 

1 

202 

264 

4 

44 



Total terminated, 



Policies in force December 31, 1876. 

Whole-life policies, 4,166 

Endowment policies, . .... 290 

All other policies, . 28 

Reversionary additions, . 



$77,662 00 
7,175 00 
5,000 00 
536,488 00 
587,246 00 
237,775 00 
139,000 00 



555 $1,590,346 00 



5,794,503 00 

473,819 00 

98,500 00 

73,559 00 



Totals, 4,484 



1,440,381 00 



Vermont Nat'l Bank, St. Albans, 

United States bonds, 

First Nat'l Bank, Montpelier, 



Schedule A. 
Securities held as Collateral. 

Market value. 

$11,625 00 
339 00 



Montpelier Nat'l Bank, . 
St. Albans Trust Co. notes, 



6,000 00 
1,950 00 
3,000 00 
1,600 00 
30,700 00 



} 



Amount loaned. 

$9,300 00 

300 00 

4,000 00 

1,600 00 

1,900 00 
30,000 00 



$55,214 00 $47,100 00 



Schedule B. 

Stocks and Bonds owned by 



United States bonds, 
New Hampshire state bonds, 
Maine state bonds, . 
Missouri state bonds, 
Boston city bonds, . 
Lawrence city bonds, 
Worcester city bonds, 
Fitchburg city bonds, 
Chelsea city bonds, . 
Somerville city bonds, 
Beverly town bonds, 
Burlington (Vt.) town bonds, 
Cincinnati (O.) city bonds, 
13 



the Company. 

Par value. 

$238,000 00 
20,000 00 
5,000 00 
11,000 00 
10,000 00 
20,000 00 
20,000 00 
60,000 00 
37,000 00 
30,000 00 
25,000 00 
60,000 00 
25,000 00 



Market value. 

$271,097 50 
20,000 00 
5,000 00 
11,000 00 
10,000 00 
20,000 00 
20,000 00 
60,000 00 
37,000 00 
30,000 00 
25,000 00 
60,000 00 
25,000 00 



98 



LIFE INSURANCE COMPANIES [Dec. 31, 



Columbus (O.) city bonds, 
Indianapolis (Ind.) city bonds, 
St. Paul (Minn.) city bonds, . 
Springfield (111.) city bonds, . 
Meriden (Ct.) city bonds, 
Hamilton county (Ind.) bonds, 
St. Louis county (Mo.) bonds, 
Montpelier (Vt.) town bonds, 
Cambridge (Vt.) town bonds, 
Essex (Vt.) town bonds, 
Jericho (Vt.) town bonds, 
Johnson (Vt.) town bonds, 
Underhill (Vt.) town bonds, . 
First ISTat'l Bank stock, Montpelier, 
Montpelier Nat'l Bank, . 
Bank of St. Albans, 



$25,000 00 
35,000 00 
10,000 00 
15,000 00 
43,000 00 
10,000 00 
20,000 00 
30,000 00 
15,000 00 
20,000 00 
22,900 00 

2,000 00 
17,000 00 
21,000 00 

2,700 00 
250 00 



$25,000 00 
35,000 00 
10,000 00 
15,000 00 
43,000 00 
10,000 00 
20,000 00 
30,000 00 
15,000 00 
20,000 00 
22,900 00 

2,000 00 
17,000 00 
31,500 00 

4,320 00 
250 00 



$849,850 00 $895,067 50 



NATIONAL LIFE INSURANCE COMPANY, OF THE UNITED 
STATES OF AMERICA, WASHINGTON, D. C. 

[Incorporated July 25, 1868. Commenced business August 1, 1868.] 

Paid-up Capital, $1,000,000. 

Emerson W. Peet, President. Secretary, John M. Butler. 

J. A. Ellis, Vice-President. Actuary, E. W. Peet. 

Principal Office, Chicago, III. 

Attorney to accept service, L. M. Miller, Boston. 



Income. 

Total premium income, . . . . . . 

Cash received for interest on stocks, bonds and loans, . 

for interest on other debts due the company, 
for rents of company's property, . 
for profits on bonds, stocks or gold sold, 

Premiums received for re-insurance, 



Total income, 

Net or ledger assets, December 31, 1875, 



Total, 



Disbursements. 

Cash paid for losses and additions, 

Premium notes or loans used in payment of same, 

Cash paid for matured endowments and additions, 

Gross amount paid for losses and endowments, 
Received for losses and claims on policies re-insured, 

Net amount paid for losses and endowments, 



$743,683 81 

178,418 67 

2,637 80 

14,509 45 

5,861 24 

4,449 40 



$949,560 37 
3,686,136 01 

$4,635,696 38 



$229,783 53 

1,360 29 

555 00 



$231,698 82 
15,000 00 



$216,698 82 



1876.] 



OF OTHER STATES. 



99 



Cash paid to annuitants, 

for surrendered policies, . . . . . 
Premium notes or loans used in purchase of surrendered 

policies and voided by lapse, . . . . 
Cash surrender values, including re-converted additions 



applied in payment of premiums, 



$392,753 83 



Total paid policy-holders, 
Cash paid for commissions to agents, .... 

for salaries and travelling expenses of agents, 

for medical examiners 1 fees, . 

for salaries of officers and office employes, 

for taxes and fees, 

for rent, . 

for commuting commissions, . 

for furniture and office fixtures, 

for advertising, 

for other items ; viz., real estate expenses, 
$2,597.51 ; bills payable, $8,960.16 ; profit and 
loss, $25,610.77 ; office and incidental expenses, 
$24,358.20, 



Total disbursements, 
Balance, . 



Invested in the following : — 

Assets as per Ledger Accounts 

Cost value of real estate, ..... 
Loans on mortgages of real estate (first liens) , . 

on collateral security (schedule A), . 

on company's policies assigned as collateral, 
Premium notes or loans on policies in force, . 
Cost value of stocks and bonds owned (schedule B), 

Cash in company's office, 

Cash deposited in bank, 

Bills receivable, 

Agents 1 ledger balances, 

Commuted commissions, $22,385.86 ; office furniture, 



$1,144 00 

58,039 00 

8,706 72 

108,165 29 



64,278 07 
26,260 10 

8,125 37 
37,164 65 
15,820 15 

6,670 97 
24,896 59 

5,654 64 

8,127 50 



$3,000, 



Ledger assets (as per balance), 
Deduct depreciation from cost of assets, 

Total net or ledger assets, 



61,526 64 

. $651,278 51 
$3,984,417 87 



$505,902 80 

2,409,767 58 

240,479 80 

4,791 44 

54,621 91 

575,723 01 

2,925 37 

131,022 63 

4,448 25 

29,349 22 

25,385 86 

$3,984,417 87 
. *156,029 74 



1,828,388 13 



* Real estate, $101,052 80 

Loans on mortgage, . . . . 33,104 42 

Loans on collateral 16,916 60 

Bills receivable, 2,075 97 

Ledger balances, 2,879 95 



$156,029 74 



100 



LIFE INSURANCE COMPANIES [Dec. 31 
Other Assets. 



Interest due and accrued, .... 

Rents due and accrued, 

Market value of stocks and bonds over cost, . 
Uncollected premiums on policies in force, . 
Deferred premiums on policies in force, . 



,815 57 
73,097 66 



Total, ' . $123,913 23 

Deduct loading (10-}- per cent.), . .' . 12,413 44 

Net am't of uncollected and deferred prem's, 

Total assets per company's books, . . . J 



$72,666 46 

927 00 

3,620 16 



111,499 79 



1,017,101 54 



Items not Admitted. 



Furniture and fixtures, . 
Commuted commissions, 
Agents' balances, . 
Bills receivable, 
Total, 

Total admitted assets, 



$3,000 00 

22,385 86 

26,469 27 

2,372 28 



54,227 41 



5,962,874 13 



Liabilities. 

Computed premium reserve or net present value of all out- 
standing policies (Actuaries' 4 per cent.), . $3,332,120 00 



Deduct net value of re-insured risks, 

Net re-insurance reserve, 
Death losses and matured endowments in 

process of adjustment, 
Claims resisted by the company, . 

Total policy claims, .... 
Premiums paid in advance, 
Forfeited policies liable to restoration, . 

Liabilities as to policy-holders, 
Surplus as regards policy-holders, . 

Gross liabilities, .... 



67,514 00 



-*3,264,606 00 



,858 60 
21,500 00 



88,358 60 
29,068 82 
14,467 77 

5,396,501 19 
566,372 94 

5,962,874 13 



Premium Note Account. 

Premium notes on hand, Dec. 31 , 1875, . . $62,443 25 

or loans received during 1876, 17,222 70 

Total, $79,665 95 

Used in payment of losses and claims, . . $1,360 29 
of surrendered policies and 

voided by lapse, . . 8,706 72 



* As computed by the company (interest at 6 per cent.), $2,466,373. 



1876.] 



OF OTHER STATES. 



101 



Redeemed by maker in cash, . 
Total, . 



$10,185 59 



Balance note assets, December 31, 1876, 



,252 60 



$59,413 35 



Exhibit of Policies. 

Policies and Additions in force December 31, 1875. 

Number. Amount. 

Whole-life policies, 9,265 $19,489,362 00 



Endowment policies, 1,434 

All other policies, . 246 

Return premiums, - 



New Policies Issued in 1876. 



Whole-life policies, . 
Endowment policies, 
All other policies, . 
Return premiums, . 



Total number and amount, 



Policies ceased to be in force during the year. 



Terminated by death, 

by maturity, . 

by expiry, . 

by surrender, 

by lapse, 

by change and decrease, 
Not taken, .... 



1,668 
170 
164 



2,029,988 00 
787,144 00 
635,450 00 



3,714,499 00 

239,268 00 

489,500 00 

9,749 00 



. 12,947 $27,394,960 00 



. 108 


$232,368 00 


1 


555 00 


29 


83,500 00 


. 360 


823,546 00 


1,503 


2,977,724 00 


435 


1,226,674 00 


, 168 


431,592 00 


2,604 


$5,775,959 00 



Total terminated, 



Policies in force December 31, 1876. 

Whole-life policies, ....... 8,712 $18,349,838 00 

Endowment policies, 1,363 1,868,820 00 

All other policies, 268 755,144 00 

Return premiums, - 645,199 00 



Totals, 10,343 $21,619,001 00 

Schedule A. 

Securities held as Collateral. 

Market value. Amount loaned. 

1225 shares Excelsior Life Ins. Co., . . $19,851 20 $36,767 80 

8 " Union Savings Bank C.R. (Iowa), 800 00 400 00 

Assignment of mortgage, .... 223,000 00 50,025 00 

20 shares 1st Nat'l Bank, Nashville, . \ 

4 " Stone R. Nat'l B'k, Murfreesboro',/ 



2,400 00 



1,800 00 



102 



LIFE INSURANCE COMPANIES [Dec. 31, 



400 shares 111. Staats Zeitung Co., . 

Policy assigned, .... 

500 shares 1st Natl Bank, Chicago, 

Policy assigned, .... 

2000 shares W. Chicago Land Co., . 
202 " Westinghouse Air Brake Co 
400 " Kirby Carpenter Mfg. Co., 

Chicago City certificates, 

Assignment of mortgage, 



$30,000 00 

1,787 00 

87,500 00 

1,280 00 

100,000 00 

10,200 00 

40,000 00 

1,117 93 

2,618 76 



20,000 00 

787 00 

50,000 00 

700 00 

50,000 00 

8,000 00 

20,000 00 

1,000 00 

1,000 00 



$520,554 89 $240,479 80 



Schedule B. 
Stocks and Bonds owned by the Company. 

Cost value. 

United States bonds, $457,825 75 

Virginia State bonds, 



Chicago City Park bonds, 
Detroit Car Loan Co. stock, 
Arapahoe Co. (Col.) bonds, 
Cedar Rapids City (Iowa) bonds, 



13,447 26 

101,200 00 

1,500 00 

750 00 

1,000 00 



Market value. 

$466,643 75 

5,549 42 

104,500 00 

750 00 

900 00 

1,000 00 



$575,723 01 $579,343 17 



NEW YORK LIFE INSURANCE COMPANY, NEW YORK. 

[Incorporated 1841. Commenced business 1845.] 

Morris Franklin, President. 

Vice-President and Actuary, Wm. H. Beers. 

Principal Office, 346 and 348 Broadway. 

Attorneys to accept service, Geo. L. Stocking and Jas. R. Austin, Boston. 

Income. 

Total premium income, $5,855,148 71 

Cash received for interest on stocks, bonds and loans, . 2,065,213 03 

for interest on other debts due the company, 31,685 35 
for rents of company's property, . . . 67,182 43 



Total . $8,019,229 52 

Less interest accrued, January 1, 1876, .... 257,130 86 



Total income, . . . 
Net or ledger assets, December 31, 1875, 



. $7,762,098 66 
. 30,166,902 69 



Total, .$37,929,001 35 



1876.] 



OF OTHER STATES. 



103 



Disbursements. 

Cash paid for losses and additions, .... 
Premium notes or loans used in payment of same, 
Cash paid for matured endowments and additions, 
Premium notes or loans used in payment of same, 

Gross amount paid for losses and endowments, . 
Received for losses and claims on policies re-insured, 

Net amount paid for losses and endowments, 

Cash paid to annuitants, 

for surrendered policies, .... 
Premium notes or loans used in purchase of surrendered 

policies and voided by lapse, 

Cash dividends paid policy-holders, . . 
Premium notes or loans used in payment of dividends, 

Total paid policy-holders, . . . $4,242,867 64 

Cash paid for commissions to agents, .... 

for salaries and travelling expenses of agents, 

for medical examiners 1 fees, 

for salaries of officers and office employes, 

for taxes and fees, 

for advertising, 

for office and agency expenses, . 

Reductions of premiums on stocks and bonds, 

Total disbursements, ...... 



$1,571,780 94 

20,867 48 

86,871 10 

1,419 40 

$1,680,938 92 

45,000 00 

$1,635,938 92 

90,247 56 

1,044,056 46 

63,315 66 

1,385,569 04 

23,740 00 



Balance, 



222,110 67 
57,000 00 
41,491 03 

167,659 78 
62,078 25 
40,543 41 

158,812 86 

205,539 51 

. $5,198,103 15 
$32,730,898 20 



Invested in the following : — 

Assets as per Ledger Accounts. 

Cost value of real estate, .... 

Loans on mortgage of real estate (first liens), 

Premium notes or loans on policies in force, 

Cost value of stocks and bonds owned (schedule A), 

Cash in company's office, 

Cash deposited in bank, . 

Agents 1 ledger balances, 

Interest due and accrued, 

Rents due and accrued, . 

Uncollected premiums on policies in force, 

Deferred premiums on policies in force, 

Ledger assets (as per balance,) 



} 



$2,541,576 46 

17,354,837 84 

781,585 39 

9,730,529 91 

1,427,933 18 

36,154 19 

292,082 51 

8,476 17 

125,027 15 

432,695 40 

♦$32,730,898 20 



* By deducting from income, interest due and accrued, and deferred and outstanding pre- 
miums, the balance may be drawn the same as in other companies. 



104 



LIFE INSURANCE COMPANIES [Dec. 31, 



Other Assets. 
Market value of stocks and bonds, over cost, 



Total, 



Deduct loading on uncollected and deferred premiums, 
Total assets per company's books, 

Items not Admitted. 



Agents' balances, 



. $580,515 76 

$33,311,413 96 
111,544 51 

$33,199,869 45 



36,154 19 



Total admitted assets, . 



$33,163,715 26 



Liabilities. 
Computed] premium reserve or net present 
value of all outstanding policies (Actua- 
ries' 4 per cent.), .... 
Deduct net value of re-insured risks, . 

Net re-insurance reserve, . 
Death losses and matured endowments in 

process of adjustment, 
Claims resisted by the company,. 

Total policy claims, 
Premiums paid in advance, . 
Liability under three months' clause, . 

Liabilities as to policy-holders, 
Surplus as regards policy-holders, 

Gross liabilities, .... 

Estimated surplus accrued on tontine or 
other policies, the profits upon which are 
especially reserved for that class of 
policies, 



,884,871 00 
201,218 00 



■$28,683,653 00 



$418,393 19 
97,200 00 



515,593 19 
17,038 32 
10,000 00 

$29,226,284 51 
. 3,937,430 75 

$33,163,715 26 



$517,504 84 



Premium Note Account. 

Premium notes on hand, Dec. 31, 1875, . $885,728 82 

or loans received during 1876, 17,590 60 

Total, . $903,319 42 

Used in payment of losses and claims, . $22,286 88 
of surrendered policies and 

voided by lapse, . . 63,315 66 
of dividends to policy-hold- 
ers,. . . . . 23,740 00 
Redeemed by maker in cash, . . . 12,391 49 

Total, . . . . . . . 121,734 03 

Balance note assets, December 31, 1876, . . . $781,585 39 



1876.] 



OF OTHER STATES. 



105 



Exhibit of Policies. 

Policies and Additions in force December 31, 1875. 

Number. Amount. 

Whole-life policies, . . . . . . • . 35,946 $104,609,000 00 

Endowment policies, . . . ' . . . 8,549 19,433,416 00 

All other policies, 166 95,590 00 

Reversionary additions, - 1,994,113 00 

New Policies Issued in 1876. 

Whole-life policies 5,100 14,710,809 00 

Endowment policies, ... . . . 1,247 3,705,67000 

All other policies, 108 8,000 00 



Old Policies Revived during the year. 

Whole-life policies, 54 

Endowment policies, 5 

Old Policies Increased during the year. 

Whole-life policies, - 

Endowment policies, - 

Additions by dividends, 



161,850 00 
5,000 00 



13,106 00 

37,587 00 

1,420,089 00 



Total number and amount, 



. 51,175 $146,194,230 00 



Policies ceased to be in force during the year. 

Terminated by death, 

by maturity, 

by expiry, . 

by surrender, 

by lapse, 

change and decrease, . 



Not taken, 



557 


$1,622,875 00 


39 


81,125 00 


13 


12,346 00 


1,647 


6,074,838 00 


2,823 


7,740,158 00 


- 


407,664 00 


675 


2,506,751 00 



Total terminated, 



. 5,754 $18,445,757 00 



Policies in force December 31, 1876. 
Whole-life policies, . . . . . . . 36,437 $105,441,392 00 

Endowment policies, 8,728 20,051,534 00 

All other policies, 256 77,590 00 

Reversionary additions, - 2,177,957 00 



Totals, 45,421 $127,748,473 00 



Schedule A. 

Stocks and Bonds owned by the Company. 

Cost value. 

Merchants' Bank stock, N. Y., . . . $15,758 75 
Bank of America stock, N. Y., 8,484 00 

14 



Market value. 

$16,100 00 
10,164 00 



106 



LIFE INSURANCE COMPANIES [Dec. 31, 



Bank of the Republic stock, 1ST. Y., 

American Exchange Bank stock, N. Y., 

Metropolitan Bank stock, N. Y., 

Central Park loan, .... 

Del. and Hudson Canal stock, 
" " bonds, 

New York city street opening bonds, 
" county bounty bonds, 

" city consolidated bonds, 

" county consolidated bonds, 

" city bonds, 

N. Y. Central and H. R. R. R. bonds, 

N. Y. and Harlem consolidated bonds, 

Brooklyn city bonds, 

Jersey City bonds, . 

Yonkers town bonds, 

Newark city bonds, . 

Flushing water bonds, 

Rensselaer and Saratoga R. R. bonds, 

East Chester bonds, 

Richmond city bonds, 

Tennessee state bonds, . 

Georgia state bonds, 

Alabama state bonds, 

So. Carolina state bonds, 

Mississippi state warrants, 

United States bonds, 



$1,470 00 

10,125 00 

5,381 25 

25,233 75 

44,800 00 

400,000 00 

549,967 10 

41,104 00 

645,596 25 

113,928 75 

60,000 00 

1,019,382 50 

1,074,075 00 

983,144 80 

442,425 00 

178,479 16 

129,875 00 

77,600 00 

9,519 92 

5,000 00 

46,250 00 

8,000 00 

2,730 00 

15,840 00 

8,960 00 

15,285 71 

3,792,113 97 



$1,470 00 

10,500 00 

6,400 00 

26,750 00 

44,800 00 

400,000 00 

576,110 00 

42,000 00 

745,875 00 

131,625 00 

60,000 00 

1,170,000 00 

1,178,333 33 

1,024,700 00 

450,590 00 

183,700 00 

131,210 00 

80,000 00 

10,155 00 

5,000 00 

56,500 00 

8,000 00 

3,500 00 

15,840 00 

8,960 00 

20,000 00 

3,892,763 34 



1,730,529 91 $10,311,045 67 



NORTHWESTERN MUTUAL LIFE INSURANCE COMPANY, 

MILWAUKEE, WIS. 

[Incorporated March, 1857. Commenced business November 25, 1858.] 

H. L. Palmer, President. Secretary, Willard Merrill. 

Matthew Keenan, Vice-President. Actuary, Emory McClintock. 

Principal Office, Milwaukee. 
Attorney to accept service, E. J. Smith, Boston. 

Income. 

Total premium income, $2,565,805 47 

Cash received for interest on stocks, bonds and loans, . . 1,307,597 44 
for interest on other debts due the company, 43,279 43 
as discount on claims paid in advance, . . 37 51 

for rents of company's property, . . . 8,652 40 



Total income, $3,925,372 25 



1876.] 



OF OTHER STATES. 



107 



Net or ledger assets, December 31, 1875, 
Total, 



$16,206,998 50 



Disbursements. 

Cash paid for losses and additions, 

Premium notes or loans used in payment of same, 
Cash paid for matured endowments and additions, 
Premium notes or loans used in payment of same, 

Gross amount paid for losses and endowments, . 

Cash paid for surrendered policies, 

Premium notes or loans used in purchase of surrendered 
policies and voided by lapse, 

Cash surrender values, including re-converted additions ap- 
plied in payment of premiums, 

Cash dividends paid policy-holders, $38,205.16 ; applied in 
payment of premiums, $245,599.92, . . . . . 

Premium notes or loans used in payment of dividends, 



Total paid policy-holders, . . . $2,412,093 70 

Cash paid for commissions to agents, .... 

for salaries and travelling expenses of agents, 

for medical examiners' fees, 

for salaries of officers and office employes, 

for taxes and fees, 

for rent, 

for commuting commissions, 

for furniture and office fixtures, . 

for advertising, 

for other items; viz., office and incidental ex- 
penses, 

Profit and loss account, 



Total disbursements, 
Balance, .... 



$20,132,370 75 

. $801,454 01 
71,411 50 
73,968 04 
18,062 52 

. $964,896 07 
226,750 49 

314,042 24 

80,946 23 

283,805 08 
541,653 59 



190,122 01 

49,641 18 

13,163 17 

102,361 33 

*13,126 57 

9,790 71 

13,647 85 

1,181 26 

3,168 20 

68,939 84 
77,997 39 



Invested in the following : — 

Assets as per Ledger Accounts. 

Cost value of real estate, 

Loans on mortgage of real estate (first liens), . 
Premium notes or loans on policies in force, 
Cost value of stocks and bonds owned (schedule A), 
Cash in company's office, 



. $2,955,233 21 
$17,177,137 54 



$644,906 78 

11,605,627 99 

3,825,551 16 

339,833 90 

124,593 43 



* Total taxes paid, . 
Deducted from dividends, 



$32,233 29 
19,106 72 



$13,126 57 



108 LIFE INSURANCE COMPANIES [Dec. 31, 

Cash deposited in bank, $637,414 95 

Bills receivable, 19,430 65 

Ledger balances, 40,031 55 

Office furniture, 7,500 00 

Ledger assets (as per balance), .... $17,244,89041 
Deduct depreciation from cost of assets, .... 67,752 87 

Total net or ledger assets, $17,177,137 54 

Other Assets. 

Interest due and accrued, ....... 587,362 08 

Rents due and accrued, 391 43 

Market value of stocks and bonds, over cost, . . . 24,541 10 
Uncollected premiums on policies in force, $115,627 04 
Deferred premiums on policies in force, . 248,896 77 

Total, $364,523 81 

Deduct loading (25 per cent.), . . . 91,130 94 

Net am't of uncollected and deferred prem's, 273,392 87 

Total assets per company's books, . . . $ 18,062,825 02 

Items not Admitted. 

Furniture and fixtures, $7,500 00 

Ledger balances, 40,031 55 

Bills receivable, 19,430 65 

Total, 66,962 20 

Total admitted assets, $17,995,862 82 

Liabilities. 

Computed premium reserve or net present value of all out- 
standing policies (Actuaries 1 4 per cent.), . . . $15,165,760 00 
Death losses and matured endowments in 

process of adjustment, .... $170,637 05 
Claims resisted by the company, . . . 34,000 00 

Total policy claims, .... — 204,637 05 

Due for taxes and fees, 12,553 00 

Accrued commissions, 1,500 00 

Premiums paid in advance, 19,584 95 

Reserve on lapsed policies, entitled to paid-up policies, . 16,786 00 

Liabilities as to policy-holders, .... $15,420,82100 
Surplus as regards policy-holders, . . . . 2,575,041 82 

Gross liabilities, $17,995,862 82 



1876.] 



OF OTHER STATES. 



109 



Premium Note Account. 

Premium notes on hand, Dec. 31, 1875, . . $4,142,979 07 

or loans received during 1876, 650,634 65 

Total, $4,793,613 72 

Used in payment of losses and claims, . $89,474 02 
of surrendered policies and 

voided by lapse, . . 314,042 24 
of dividends to policy-hold- 
ers, .... 541,653 59 
Redeemed by maker in cash, . . . 22,892 71 

Total, 968,062 56 

Balance note assets, December 31, 1876, . . . $3,825,551 16 



Exhibit of Policies. 
Policies and Additions in force December 31, 1875. 

Nnmber. Amount. 

Whole-life policies, 26,530 $51,873,633 00 

Endowment policies, 9,162 13,662,530 00 

All other policies, . . . . . .736 1,588,052 00 

New Policies Issued in 1876. 

Whole-life policies, 4,304 10,250,079 00 

Endowment policies, 566 847,704 00 

All other policies, 98 306,943 00 

Old Policies Bevived during the year. 

Whole-life policies, . 298 690,175 00 

Endowment policies, 73 102,050 00 

All other policies, 8 25,000 00 



Old Policies increased during the year. 
Additions by dividends, 



Total number and amount, 



153,878 00 



. 41,775 $79,500,044 00 



Policies ceased to be in force during the year. 
Terminated by death, 

by maturity, 

by expiry, . 

by surrender, 

by lapse, 

by change and decrease, 
Not taken, 



391 


$902,417 00 


83 


95,731 00 


1 


125,117 00 


. 983 


1,653,042 00 


3,197 


7,249,619 00 


23 


373,658 00 


641 


1,607,269 00 



Total terminated, 



. 5,319 $12,006,853 00 



110 LIFE INSURANCE COMPANIES [Dec. 31, 

Policies in force December 31, 1876. 

Whole-life policies, . . ... . . . 26,985 § 53,026,057 00 

Endowment policies, 8,781 12,941,093 00 

All other policies, 690 1,526,041 00 

4 

Totals, 36,456 $67,493,191 00 

Schedule A. 

Stocks and Bonds owned by the Company. 

Par value.* Market value. 

United States bonds, $280,000 00 >| 

Green Bay city (Wis.) bonds, . . . 23,900 00 I ^075 959 qo 

Pope county (Minn.) bonds, . ... . 5,000 00 I 

Gale Trempeleau Co. (Wis.) bridge bonds, . 5,000 00 J 



$313,900 00 $375,259 08 



PENN MUTUAL LIFE INSURANCE COMPANY, PHILADELPHIA, 

PENN. 

[Incorporated February 24, 1847. Commenced business May 25, 1847.] 

Samuel C. Huey, President, Secretary, Henry Austie. 

H. S. Stevens, Vice-President. Actuary, James W. Mason. 

Principal Office, 921 Chestnut St. 

Attorney to accept service, Lewis G. Lowe, Bridgewater. 

Income. 

Total premium income, $1,173,394 91 

Cash received for interest on stocks, bonds and loans, . . 309,434 19 
for interest on other debts due the company, . 5,708 97 
for rents of company's property, . . 3,648 74 



Total income, . . $1,492,186 81 

Net or ledger assets, December 31, 1875, .... 5,230,588 28 



Total, $6,722,775 09 

Disbursements. 

Cash paid for losses and additions, $360,509 53 

Premium notes or loans used in payment of same, . . 14,180 00 

Cash paid for matured endowments and additions, . . 11,821 06 

Premium notes or loans used in payment of same, . . 528 94 



Gross amount paid for losses and endowments, . ' . $387,039 53 

* Cost value, $339,833.90. 



Ill 

$10,000 00 

$377,039 53 
148,579 27 

46,999 47 

237,666 89 
92,074 65 



1876.] OF OTHEE STATES. 

Received for losses and claims on policies re-insured, . 

Net amount paid for losses and endowments, 

Cash paid for surrendered policies, 

Premium notes or loans used in purchase of surrendered 

policies and voided by lapse, 

Cash dividends paid policy-holders, $105,029 ; applied in 

payment of premiums, $132,637.89, 

Premium notes or loans used in payment of dividends, 

Total paid policy-holders, . . . $902,359 81 

Cash paid for commissions to agents, 91,488 07 

for salaries and travelling expenses of agents, . 25,034 56 

for medical examiners' fees, 13,022 71 

for salaries of officers and office employes, . . 33,429 99 

for taxes and fees, ....... 11,074 24 

for rent, 7,897 94 

for commuting commissions, 385 72 

for agency expenses, 17,216 44 

for legal expenses, 4,402 84 

for advertising, 15,021 05 

for other items ; viz., fire insurance, $1,654.58 ; 

office and incidental expenses, $16,919 55, . . 18,574 13 

Total disbursements, $1,139,907 50 



Balance, $5,582,867 59 



Invested in the following : — 

Assets as per Ledger Accounts 

Cost value of real estate, 

Loans on mortgage of real estate (first liens), 
on collateral security (schedule A), 
on company's policies assigned as collateral, 

Premium notes or loans on policies in force, . 

Cost value of stocks and bonds owned (schedule B), 

Cash in company's office, 

Cash deposited in bank, . 

Bills receivable, 

Agents' ledger balances, . 

Office furniture, 



Ledger assets (as per balance) , 



$387,952 98 

2,313,662 53 

149,376 05 

17;669 29 

722,384 35 

1,825,941 11 

349 05 

122,627 96 

600 00 

28,951 26 

13,353 01 

15,582,867 59 



Other Assets. 
Interest due and accrued, . 
Rents due and accrued, . 
Market value of real estate, over cost, . 



89,387 39 

1,500 00 

16,927 27 



112 LIFE INSURANCE COMPANIES [Dec. 31 



Market value of stocks and bonds, over cost, . . . $143,803 37 
Uncollected premiums on policies in force, . $77,891 76 
Deferred premiums on policies in force, . 54,009 15 

Total, $131,900 91 

Deduct loading (20 per cent.), . . . 26,380 16 

Net am't of uncollected and deferred prem's, $105,520 75 

Total assets per company's books, .... $5,940,006 37 

Items not Admitted. 

Furniture and fixtures, $13,353 01 

Agents 1 balances, 28,951 26 

Bills receivable, 600 00 

Total, 42,904 27 

Total admitted assets, $5,897,102 10 

Liabilities. 

Computed premium reserve or net present 
value of all outstanding policies (Actua- 
ries' 4 per cent), $4,981,998 00 

Deduct net value of re-insured risks, . . 58,840 00 
Net re-insurance reserve, .... $4,923,158 00 

Death losses and matured endowments in process of adjust- 
ment, 101,796 00 

Unpaid dividends of surplus due policy-holders, . . . 35,761 09 

All other liabilities : life rate endowment fund, . . . 5,446 05 

Liabilities as to policy-holders, .... $5,066,161 14 
Surplus as regards policy-holders, 830,940 96 

Gross liabilities, \ " . $5,897,102 10 

Premium Note Account. 

Premium notes on Dec. 31, 1875, . . . $700,354 93 

or loans received during 1876, 194,884 66 

Total . . $895,239 59 

Used in payment of losses and claims, . . f 14,708 94 
of surrendered policies and 

voided by lapse, . . 46,999 47 
of dividends to policy-hold- 
ers, 92,074 65 

Redeemed by maker in cash, ... . . 19,072 18 

Total, 172,855 24 

Balance note assets, Dec. 31, 1876, $722,384 35 



1876.] 



OF OTHER STATES. 



113 



Exhibit of Policies.- 
Policies and Additions in force December 31, 1875. 

Number. Amount. 

Whole-life policies, . ..... . 7,677 $23,979,514 00 

Endowment policies, 1,867 4,396,825 00 

All other policies 1 2,500 00 

Reversionary additions, ...... - 10,828 00 



New Policies Issued in 1876. 



Whole-life policies, . 
Endowment policies, 
All other policies, . 



1,551 


4,889,651 00 


724 


1,855,720 00 


1 


5,000 00 



Old Policies Revived during the year. 

Whole-life policies, 32 104,700 00 

Endowment policies, 126 91,075 00 

All other policies, . - 241 00 



Old Policies increased during the year. 

Whole-life policies, 

Endowment policies, 

Additions by dividends, 



1,000 00 
1,959 00 
9,926 00 



Total number and amount, 



. 11,979 $35,348,939 00 



Policies ceased to be in force during the year. 
Terminated by death, 

by maturity, 

by expiry, . 

by surrender, 

by lapse, 

by change and decrease, 
Not taken, 



Total terminated, 



137 


$394,338 00 


7 


12,350 00 


1 


2,500 00 


313 


976,827 00 


568 


1,582,945 00 


9 


182,678 00 


301 


1,144,000 00 


1,336 


$4,295,638 00 



Policies in force December 31, 1876. 

Whole-life policies, 8,313 

Endowment policies, 2,329 

All other policies, 1 

Reversionary additions, , - 



$25,746,921 00 

5,283,547 00 

5,000 00 

17,833 00 



Totals, ■ . . . 10,643 $31,053,301 00 

15 



114 



LIFE INSURANCE COMPANIES [Dec. 31, 



Schedule A. 

Securities held as Collateral. 

Market value. 

North Penn. R. R. bonds, . .. . , . ',$1,075 00 
Philadelphia city loan, 6s, ... 67,350 00 

Loans on mortgage collaterals, w . . . 440,500 00 



Amount loaned. 

$800 00 

43,676 05 

104,900 00 



$508,925 00 $149,376 05 



Schedule B. 

Stocks and Bonds owned by 



United States reg'd bonds, 
Philadelphia city loan, . 
Harrisburg city water bonds, . 
Allegheny city loan, 
Louisville city bonds, 
St. Louis city bonds, 
Canton city water bonds, 
Cincinnati city bonds, 
Penn. R. R. mortgage bonds, . 
Reading R. R. mortgage bonds, 
Lehigh Valley R. R. bonds, 
United Canal and R. R. bonds, 
West Chester R. R. bonds, 
North Penn. R. R. bonds, 
Susquehanna Canal Co. bonds, 
American Steamship Co. bonds, 
Stony Creek R. R. bonds, 
Phoenix Iron Company bonds, 
Del. and Bound Brook R. R. bonds, 
Illinois and St. Louis R. R. bonds, . 
Masonic redemption loan, 
500 shares Northern Central R. R., 
100 
209 

50 
100 

50 
250 
212 

76 
100 
525 



Western Nat'l Bank, 
Commercial Nat'l Bank, 
Girard Nat'l Bank, 
Corn Exchange Nat'l Bank, 
Mechanics' Bank, St. Louis, 
Del. Mutual Ins. Co., . 
Girard Life A. and T. Co., 
Bank of No. America, . 
Centennial stock, . .- 4 
Railway Pass. Ins. Co., . 



Philadelphia city warrants, 



the Company. 

Cost value. 

$379,696 00 

89,830 00 

50,150 00 

9,000 00 

50,641 40 

25,030 00 

30,000 00 

107,427 50 

100,150 00 

103,000 00 

50,000 00 

46,250 00 

75,127 60 

103,625 00 

48,000 00 

25,000 00 

49,000 00 

49,500 00 

100,000 00 

100,000 00 

100,000 00 

21,923 25 

6,862 50 

11,035 25 

2,000 00 

5,000 00 

4,950 50 

6,250 00 

5,575 38 

10,168 00 

1,000 00 

52,500 00 

7,248 73 



Market value. 

$401,586 75 

101,025 00 

60,770 00 

10,800 00 

62,500 00 

30,000 00 

33,000 00 

113,400 00 

115,010 00 

103,000 00 

57,625 00 

52,000 00 

82,500 00 

111,400 00 

51,000 00 

21,000 00 

51,500 00 

50,000 00 

103,000 00 

100,000 00 

105,000 00 

12,500 00 

8,000 00 

13,585 00 

3,300 00 

6,700 00 

5,000 00 

7,500 00 

11,024 00 

20,520 00 

500 00 

57,750 00 

7,248 73 



,825,941 11 $1,969,744 48 



1876.] 



OF OTHER STATES. 



115 



PHCENIX MUTUAL LIFE INSURANCE COMPANY, HARTFORD, 

CONN. 

[Incorporated May, 1851. Commenced business May, 1851.] 

Paid-up Capital, #100,000. 

Aaron C. Goodman, President. Secretary, John M. Holcombe. 

Jona. B. Bunce, Vice-President. 

Principal Office, Hartford. 

Attorney to accept service, Wm. H. Guild, Boston. 



Income. 

Total premium income, . . ... . . . $2,014,816 35 

Cash received for interest on stocks, bonds and loans, . 662,482 40 
for interest on other debts due the company, 8,815 51 

for rents of company's property, . . . 965 07 

for profits on bonds, stocks or gold sold, . 10,531 90 



Total income, . . . . . . ' . . . $2,697,611 23 

Net or ledger assets, December 31, 1875, .... 9,991,190 90 



Total, 



$12,688,802 13 



Disbursements. 

Cash paid for losses and additions, 

Premium notes or loans used in payment of same, 
Cash paid for matured endowments and additions, 
Premium notes or loans used in payment of same, 

Gross amount paid for losses and endowments, . 

Cash paid for surrendered policies, 

Premium notes or loans used in purchase of surrendered 

policies and voided by lapse, 

Cash surrender values, including re-converted additions 

applied in payment of premiums, 

Cash dividends paid policy-holders, applied in payment of 

premiums, 

Premium notes or loans used in payment of dividends, 

Total paid policy-holders, .... $1,759,331 06 
Cash paid for dividends to stockholders, 
for commissions to agents, 
for salaries and travelling expenses of agents, 
for medical examiners' fees, . 
for salaries of officers and office employes, 

for 'taxes and fees, 

for rent, 



,211 27 

53,581 20 

19,128 52 

4,271 48 

$765,192 47 
39,326 84 

409,963 44 

33,639 88 

454,172 15 
57,036 28 



6,000 00 

132,674 76 

73,326 09 

8,421 50 

38,484 93 

71,830 76 

12,875 13 



116 



LIFE INSURANCE COMPANIES [Dec. 31 



Cash paid for furniture and office fixtures, . . ... $699 06 

for advertising, 4,996 66 

for other items ; viz., profit and loss account, 
$4,499.53 ; office and incidental expenses, 
$54,364.32, 58,863 85 



Total disbursements, 
Balance, . 



. $2,167,503 80 
$10,521,298 33 



Invested in the following : — 

Assets as per Ledger Accounts. 

Cost value of real estate, 

Loans on mortgage of real estate (first liens), . 

on collateral security (schedule A), . 
Premium notes or loans on policies in force, 
Cost value of stocks and bonds owned (schedule B) 

Cash in company's office, 

Cash deposited in bank, 

Bills receivable, 

Agents' ledger balances, 

Ledger assets (as per balance), . , 



$257,883 16 

6,195,955 05 

48,050 00 

2,982,685 00 

559,078 00 

660 56 

412,557 42 

58,285 83 

6,143 31 

$10,521^298 33 



Other Assets. 

Interest due and accrued, .... 
Market value of stocks and bonds, over cost, 
Uncollected premiums on policies in force, . 
Deferred premiums on policies in force, 

Total, 

Deduct loading (25 per cent.), 

Net am't of uncollected and deferred prem's, 

Furniture and fixtures, 



Total assets per company's book»v 



$7,248 40 
91,953 08 



,201 48 
24,800 37 



224,037 59 
8,149 50 



74,401 11 
9,839 60 

,837,726 13 



Items not Admitted. 
Furniture and fixtures, ..... $9,839 60 



Agents' balances, . 
Bills receivable, 
Total, . 



6,143 31 
58,285 83 



74,268 74 



Total admitted assets, 



,763,457 39 



1876.] OF OTHER STATES. 117 

Liabilities. 

Computed premium reserve or net present 
value of all outstanding policies (Actua- 
ries' 4 per cent.), $10,287,210 00 

Deduct net value of re-insured risks, . . 4,386 00 

Net re-insurance reserve, . . . 110,282,824 00 

Death losses and matured endowments in 

process of adjustment, .... $245,737 00 

Claims resisted by the company, . . . 72,000 00 

Total policy claims, .... 317,737 00 

Due for salaries, rent and office expenses, .... 2,231 83 

All other liabilities : premiums paid in advance, . . . 21,185 08 



Liabilities as to policy-holders, .... $10,623,977 91 
Surplus as regards policy-holders, .... 139,479 48 



Gross liabilities, $10,763,457 39 

Premium Note Account. 

Premium notes on hand, Dec. 31, 1875, . $3,363,978 54 
or loans received during 1876, 152,730 20 
Total, $3,516,708 74 

Used in payment of losses and claims, . . $57,852 68 
of surrendered policies and 

voided by lapse, . . 409,963 44 
of dividends to policy-hold- 
ers, 57,036 28 

Redeemed by maker in cash, . . , 9,171 34 

Total, 534,023 74 



Balance note assets, December 31, 1876, . . . $2,982,685 00 

Exhibit of Policies. 

Policies and Additions in force December 31, 1875. 

Number. Amount. 

Whole-life policies, . . 22,571 $49,677,668 00 

Endowment policies, 7,710 10,466,392 00 

Reversionary additions, ...... - 103,126 00 

New Policies Issued in 1876. 

Whole-life policies, 2,233 3,072,795 00 

Endowment policies, . . . . . .932 873,484 00 

All other policies 32 70,000 00 

Old Policies Revived during the year. 

Whole-life policies, . 173 366,357 00 

Endowment policies, 90 125,288 00 



118 



LIFE INSURANCE COMPANIES [Dec. 31 . 



Old Policies increased during the year. 

Whole-life policies, 

Additions by dividends, 



$350 00 
11,423 00 



Total number and amount, 



. 33,741 $64,766,883 00 



Policies ceased to be in force during the year. 
Terminated by death, 342 $840,939 00 



by maturity, 

by surrender, 

by lapse, 

by change and decrease, 



Not taken, 

Total terminated, 



19 23,200 00 

337 664,412 00 

2,881 6,515,828 00 

1,749 3,429,100 00 

638 949,422 00 



. 5,966 $12,422,901 00 



Policies in force December 31, 1876. 

Whole-life policies, 20,481 $43,060,677 00 

Endowment policies, .' 7,270 9,112,256 00 

All other policies, . . . . . . 24 56,500 00 

Reversionary additions, ...... - 114,549 00 

Totals, ........ 27,775 $52,343,982 00 



Schedule A. 

Securities held as Collateral. 

Market value. 



Quincy, Pacific & Missouri R. R. Co., . 
688 shares Willimantic Linen Co., . 
80 " Hartford City Gas Light Co., 
Mortgage assigned, 



$35,000 00 

46,096 00 

3,600 00 

1,200 00 



Amount loaned. 

$35,000 00 

10,000 00 

2,000 00 

1,050 00 



$85,896 00 $48,050 00 



Schedule B. 

Slocks and Bonds owned by the Company. 

Cost value. Market value. 

United States bonds, . ' . . . ' . $263,464 00 $274,387 50 

Tennessee state bonds, . . . ' . . 19,475 00 11,700 00 

Indiana Central R. R. bonds, .... 7,600 00 8,000 00 

Valley Falls township bonds, .... 14,835 00 14,835 00 

Mattoon city bonds, . . ' . * . . 37,970 00 39,000 00 

South Minnesota R.R. bonds, . ". . . 35,000 00 10,000 00 

Benton Harbor and St. Joseph school bonds, 15,000 00 15,000 00 

200 shares Charter Oak Nat'l Bank, Hartford, 19,662 00 26,000 00 

200 " First Nat'l Bank, Hartford, . . 22,255 00 20,400 00 

35 " iEtna Nat'l Bank, Hartford, . . 3,500 00 4,375 00 

100 " Mercantile Nat'l Bank, Hartford, . 6,950 00 13,000 00 



1876.] OF OTHER STATES. 119 



400 shares American Nat'l Bank, Hartford, 

70 " Farmers' and Mech. Bank, H'tf'd, 

200 " Phcenix Nat'l Bank, Hartford, 

100 " First Nat'l Bank, Massillon, O., 

250 " Toledo Nat'l Bank, Toledo, O., 

50 " U. S. Trust Co., Hartford, . 

284 " Hartford City Gas Light Co., 

100 " Security Co., Hartford, . 



121,293 00 $28,000 00 

8,724 00 8,750 00 

26,000 00 31,000 00 

10,000 00 13,000 00 

25,000 00 22,500 00 

5,000 00 5,000 00 

7,350 00 12,780 00 

10,000 00 9,500 00 



$559,078 00 $567,227 50 



PROVIDENT LIFE AND TRUST COMPANY, PHILADELPHIA, PA. 

[Incorporated March 22, 1865. Commenced business July 28, 1865.] 

Paid-up Capital, $500,000. 

Samuel R. Shipley, President. Vice-President, Wm. C. Longstreth. 

Actuary, Rowland Parry. 

Principal Office, No. 108 South Fourth Street, Philadelphia. 

Attorney to accept service, Gilbert C. Hoag, Boston. 

Income. 

Total premium income, $786,453 17 

Cash received for interest on stocks, bonds and loans, . . 127,381 18 

for interest on other debts due the company, . 9,875 44 

for rents of company's property, . . . 7,611 59 

for profits on bonds, stocks or gold sold, . 22,434 25 



Total income, $954,255 63 

Net or ledger assets, December 31, 1875, .... 2,931,180 66 



Total, $3,885,436 29 

Disbursements. 

Cash paid for losses and additions, $114,824 00 

for matured endowments and additions, . . 7,908 00 



Gross amount'paid for losses and endowments, . . $122,732 00 

Cash paid to annuitants, ...:.... 4,768 78 

for surrendered policies, 46,273 09 

Premium notes or loans used in purchase of surrendered 

policies and voided by lapse, 2,786 79 

Cash dividends paid policy-holders, $3,607.42 ; applied in 

payment of premiums, $99,123.23, 102,730 65 

Premium notes or loans used in payment of dividends, . 12,977 23 

Total paid policy-holders, . . . $292,268 54 



120 



LIFE INSURANCE COMPANIES [Dec. 31, 



Cash paid for commissions to agents, .... 
for salaries and travelling expenses of agents, 
for medical examiners' fees, . 
for salaries of officers and office employes, 

for taxes and fees, 

for rent, 

for furniture and office fixtures, 

for advertising, 

for agency and incidental expenses, 

Total disbursements, 



Balance, 



Invested in the following : — 

Assets as per Ledger Accounts. 

Cost value of real estate, 

Loans on mortgage of real estate (first liens), . 
Loans on collateral security (schedule A), . . 
Premium notes or loans on policies in force, . 
Cost value of stocks and bonds owned (schedule B), 
Cash in company's office, ..... 

Ledger assets (as per balance), . , , 
Deduct depreciation from cost of assets, 

Total net or ledger assets, .... 

Other Assets. 



$64,926 39 

11,892 21 

4,093 00 

32,139 88 

10,321 73 

2,726 63 

1,815 40 

3,167 00 

17,766 25 



$441,117 03 



$3,444,319 26 



. $283,838 79 
. 872,037 81 
. 666,294 25 

97,289 30 
. 1,505,757 95 

19,101 16 

$3,444,319 26 
40,143 72 

$3,404,175 54 



Interest due and accrued, 

Rents due and accrued, 

Uncollected premiums on policies in force, . $63,154 00 
Deferred premiums on policies in force, . 121,906 95 

Total, $185,060 95 

Deduct loading (20 per cent.), . . . 37,012 19 

Net am't of uncollected and deferred prem's, 

Furniture and fixtures, 



20,368 46 
1,300 00 



Total assets per company's books, . 



148,048 76 
6,000 00 

5,579,892 76 



Items not Admitted. 



Furniture and fixtures, . 
Total admitted assets, 



6,000 00 



5,573,892 76 



Liabilities. 

Computed premium reserve or net present value of all out- 
standing policies (Actuaries' 4 per cent.), . . . $2,774,199 00 



1876.] OF OTHER STATES. 121 

Death losses due and unpaid, .... $2,805 00 

Death losses and matured endowments in 
process of adjustment, .... 

Due and unpaid on annuity claims, 

Total policy claims, 

Unpaid dividends of surplus due policy-holders 
Due for salaries, rent and office expenses, 
All other liabilities, 



19,336 00 




248 35 






$22,389 35 




. 


8,461 42 


. 


225 00 




5,127 25 



Liabilities as to policy-holders, .... $2,810,402 02 
Surplus as regards policy-holders, 763,490 74 



Gross liabilities, $3,573,892 76 

Premium Note Account. 

Premium notes on hand, Dec. 31, 1875, . . $103,787 56 

or loans received during 1876, 13,506 51 

Total, $117,294 07 

Used in payment of surrendered policies and 

voided by lapse, . . $2,786 79 
of dividends to policy-hold- 
ers, 12,977 23 

Redeemed by maker in cash, .... 4,240 75 

Total, 20,004 77 



Balance note assets, December 31, 1876, . . $97,289 30 

Exhibit of Policies. 
Policies and Additions in force, December 31, 1875. 

Number. Amount. 

Whole-life policies, 2,059 $6,292,689 00 

Endowment policies, 4,282 12,685,721 00 

All other policies, 115 435,950 00 

Reversionary additions, - 65,050 00 

New Policies Issued in 1876. 

Whole-life policies, 

Endowment policies, 

All other policies, 

Old Policies Bevived during the year. 

Whole-life policies, 

Endowment policies, 

Increased during the year. 

Endowment policies, 

Additions by dividends, 

Total number and amount, ... . . 7,624 $23,338,798 00 
16 



192 


646,873 00 


, 929 


3,001,250 00 


28 


130,400 00 


year. 




3 


4,500 00 


8 


18,000 00 


m ^ 


5,010 00 


8 


53,355 00 



122 



LIFE INSURANCE COMPANIES [Dec. 31, 



Policies ceased to be 
Terminated by death, 

by maturity, 

by expiry, . 

by surrender, 

by lapse, 

change and decrease, 
Not taken, .... 

Total terminated, . = . 



n force during the year. 

41 

2 

6 

336 

368 

10 

56 



$128,948 00 

7,908 00 

22,700 00 

978,889 00 

1,067,865 00 

115,789 00 

169,500 00 



819 $2,491,599 00 



Policies in force December 31,1876. 

Whole-life policies, . . . . ' . . 2,003 

Endowment policies, 4,695 

All other policies, 107 

Reversionary additions, - 



6,216,859 00 

14,111,882 00 

441,650 00 

76,808 00 



Totals, '. . . . ' . . . . 6,805 $20,847,199 00 



Schedule A. 

Securities held as Collateral. 

Market value. 

$5,600 00 
12,380 00 



Warren and Franklin R. R. bonds, 

13 shares Car Trust of Penn., 
389 " Cambria Iron Co., . 

32 " Pennsylvania R. R., 

50 " Sun Fire Ins. Co., . 
Reading Coal and Iron Co. bonds, 
Pittsburg, Cin. and St. Louis R. R. bonds, 

14 shares No. Western Equip. Trust Co., 
1700 " Catawissa R. R., . 

316 " Commonwealth Nat'l Bank, 

120 " American Life Ins. Co., 
Millville Manufacturing Co. bonds, 
1600 shares No. Pennsylvania R. R., 
1000 " Pennsylvania R. R., . 
2372 " Lehigh Valley R. R., . 
2500 " Penn. and N. Y. Canal & R. R., 
Indianapolis and St. Louis R. R., 



5,640 50 

1,536 00 

4,500 00 

74,800 00 

2,580 00 

6,300 00 

59,500 00 

10,428 00^ 

6,000 00 / 

15,000 00 

78,400 00 

48,000 00 

113,856 00 

250,000 00 

129,600 00 



Amount loaned. 

$4,353 80 

10,770 83 
4,698 84 
1,174 60 
2,937 00 

55,222 90 
2,055 55 
5,824 06 

54,816 67 

14,685 00 

9,755 00 

64,000 00 

40,000 00 

100,644 45 

195,355 55 

100,000 00 



24,120 50 $666,294 25 



Schedule B. 

Stocks and Bonds owned by the Company. 

Cost value. Market value. 

United States bonds, ... . . . $505,642 50 $185,690 00 

Pennsylvania R. R. bonds, .... 195,375 00 200,000 00 

Lehigh Valley R. R. bonds, . . . . . 294,500 00 295,500 00 



1876.] 



OF OTHER STATES. 



123 



Lehigh Coal and Nav. Co. bonds, 
Susquehanna Coal Co. bonds, 
Belvidere and Del. R. R. bonds, 
Summit Branch R. R. bonds, . 
Cramp & Sons Manuf. Co. bonds, 
Crane Iron Co. bonds, 
Schuylkill Nav. Co. bonds, 
Reading Coal and Iron Co. bonds, 
Philadelphia city warrants, ' . 



$101,000 00 
15,625 00 
50,000 00 
24,503 47 
25,000 00 
45,000 00 
65,827 75 
14,850 00 
168,434 23 



),000 00 
15,625 00 
51,000 00 
25,000 00 
25,000 00 
45,000 00 
53,365 00 
11,000 00 
168,434 23 



$1,505,757 95 $1,465,614 23 



PROVIDENT SAVINGS LIFE ASSURANCE SOCIETY OF NEW 

YORK, NEW YORK. 

[Incorporated February 25, 1875. Commenced business August 10, 1875.] 

Paid-up Capital, $125,000. 

Sheppard Homans, President. Secretary, A. F. Wilmarth. 

James L. Goodridge, Secretary. Actuary, Sheppard Homans. 

Principal Office, 195 Broadway. 

Attorney to accept service, Stephen P. Ward well, Boston. 

Income. 

Total premium income, $54,941 91 

Cash received for interest on stocks, bonds and loans, . . 5,466 09 

from deposits and loans, 13,217 98 

Total income, $73,625 98 

Net or ledger assets, December 31, 1875, .... 130,635 64 

Total, . $204,261 62 

Disbursements. 

Cash paid for losses and additions, $1,000 00 

for surrendered policies, 404 38 

for commissions, salaries and expenses of agents, 30,375 20 

for medical examiners' fees, ..... 2,087 30 

for salaries of officers and office employes, . . 16,575 30 

for taxes and fees, . 1,164 68 

for rent, . . . . 7,240 77 

for furniture and office fixtures, . . . 957 63 

for advertising, 8,571 13 

for office and incidental expenses, .... 10,201 53 



Total disbursements, 



$78,577 92 



Balance, $125,683 70 



124 



LIFE INSURANCE COMPANIES [Dec. 31, 



Invested in the following : — 

Assets as per Ledger Accounts. 
Premium notes or loans on policies in force, . 
Cost value of stocks and bonds owned (schedule A), 

Cash in company's office, 

Cash deposited in bank, 

Bills receivable, . 

Agents' ledger balances, 



Ledger assets (as per balance), 
Deduct depreciation from cost of assets, 

Total net or ledger assets, 

Other Assets. 

Uncollected premiums on policies in force, 
Deferred premiums on policies in force, 

Total, 

Deduct loading (10 per cent.), 

Net am't of uncollected and deferred prem's 

Furniture and fixtures, .... 



$3,861 95 
17,216 59 

$21,078 54 
2,107 85 



$329 38 

119,763 12 

572 46 

1,082 16 

212 93 

3,723 65 



$125,683 70 
7,356 87 



$118,326 83 



18,970 69 
3,148 32 



Total assets per company's books, . 

Items not Admitted. 

Furniture and fixtures, . 
Agents' balances, 
Bills receivable, 
Total, 

Total admitted assets, 



• 


• 


$140,445 84 


$3,148 32 




3,723 


65 




212 


93 


7,084 90 







$133,360 94 



Liabilities. 

Computed premium reserve or net present 
value of all outstanding policies (Actuaries' 

4 per cent.) $33,919 00 

Deduct net value of re-insured risks, . . 1,074 00 

Net re-insurance reserve, . . . 

Death losses and matured endowments in process of adjust- 
ment, 

Due for salaries, rent and office expenses, . $3,750 00 

Deposits, 1,367 29 

All other liabilities : premiums paid in advance, 502 68 



Liabilities as to policy-holders, 
Surplus as regards policy-holders, . 

Gross liabilities, 



$32,845 00 
14,000 00 

5,619 97 

$52,464 97 
80,895 97 

$133,360 94 



1876.] OF OTHER STATES. 125 

Premium Note Account. 

Premium notes or loans received during 1876, . . . $568 41 

Redeemed by maker in cash, 26 10 



Balance note assets, December 31, 1876, . . . $542 31 

Exhibit of Policies. 

Policies and Additions in force December 31, 1875. 

Number. Amount. 

Whole-life policies, 81 $221,000 00 

Endowment policies, 9 27,000 00 

All other policies, 174 609,600 00 

New Policies Issued in 1876. 

Whole-life policies, 584 937,550 00 

Endowment policies, 74 203,250 00 

All other policies, 394 1,162,800 00 



Total number and amount, .... 1,316 $3,161,200 00 



Policies ceased to be in force during the year. 
Terminated by death, 3 $16,000 00 

by expiry, . 

by surrender, 

by change and decrease, 
Not taken, 



5 18,000 00 

276 612,000 00 

7,500 00 

121 276,000 00 



Total terminated, 405 $929,500 00 

Policies in force December 31, 1876. 

Whole-life policies, 415 $650,550 00 

Endowment policies, 57 153,750 00 

All other policies, 439 1,427,400 00 



Totals, 911 $2,231,700 00 



Schedule A. . 

Stocks and Bonds owned by the Company. 

Cost value. Market value. 

United States bonds, . . . . $119,763 12 $112,406 25 



126 



LIFE INSURANCE COMPANIES [Dec. 31 



TRAVELERS' INSURANCE COMPANY (LIFE DEPARTMENT), 

HARTFORD, CONN. 

[Incorporated June 17, 1S63. Commenced business July, 1S66.] 

James G-. Batterson, President, Secretary, Rodney Dennis. 

Gustavus F. Davis, Vice-President. Actuary, George Ellis. 

Principal Office, Hartford. 
Attorney to accept service, Charles G. C. Plummer, Boston. 

Income. 

Total premium income, $520,612 70 

Cash received for interest on stocks, bonds and loans, . . 175,282 25 

for interest on other debts due the company, . 2,878 01 

as discount on claims paid in advance, . . 513 64 

for rents of company's property, . . . 1,300 00 

for profits on bonds, stocks or gold sold, . 3,5-18 93 



Total income, . . 
Net or ledger assets, December 31, 1875, 



Total, 



. $704,135 53 

. 2,315,329 33 

$3,019,464 86 



Disbursements. 

Cash paid for losses and additions, . . . 

for matured endowments and additions, 

Gross amount paid for losses and endowments, 

Cash paid to annuitants, 

for surrendered policies, 



$168,976 26 
4,000 00 

$172,976 26 

1,150 00 

12,415 19 



Total paid policy-holders, . . .. $1S6,541 45 

Cash paid for commissions to agents, .... 
for salaries and travelling expenses of agents, 
for medical examiners' fees, .... 
for salaries of officers and office employes, . 

for taxes and fees, 

for rent, ........ 

for commuting commissions, .... 

for furniture and office fixtures, 

for advertising, ...... 

for office and incidental expenses, 



44,244 15 
16,900 15 

9,692 54 
12,960 10 

4,747 22 
353 71 

3,484 15 

1,416 33 
20,338 33 
38,229 68 



Total disbursements, 



$338,907 81 



Balance, 



$2,680,557 05 



1876.] 



OF OTHER STATES. 



127 



Invested in the following : — 

Assets as per Ledger Accounts 

Cost value of real estate, 

Loans on mortgage of real estate (first liens), 
Cost value of stocks and bonds owned (schedule A), 

Cash in company's office, 

Cash deposited in bank, 

Agents 1 ledger balances, 



Ledger assets (as per balance), 

Deduct depreciation from cost of assets, . 

Total net or ledger assets, 



$138,980 22 

2,029,927 50 

458,997 29 

2,387 20 

49,907 54 

357 30 

£2,680,557 05 
12,000 00 

12,668,557 05 



Other Assets. 

Interest due and accrued, 113,826 47 

Market value of stocks and bonds over cost,. . . . 6,677 71 
Uncollected premiums on policies in force, . $79,880 00 
Deferred premiums on policies in force, . 60,918 24 

Total, $140,798 24 

Deduct loading (12 per cent.), . . . 16,895 79 

Net am't of uncollected and deferred prem's, 123,902 45 

Total assets per company's books, .... $2,912,963 68 



Items not Admitted. 



Agents' balances, 



Total assets of Life Department, 
Total assets of Accident Department, 



Gross assets, 



357 30 



£2,912,606 38 
1,140,552 86 



1,053,159 24 



Liabilities. 
Computed premium reserve or net present 
value of all outstanding policies (Actua- 
ries' 4 per cent.), $2,547,928 00 

Deduct net value of re-insured risks, . . 23,423 00 

Net re-insurance reserve, .... $2,524,505 00 

Death losses due and unpaid, . . . . $1,000 00 
Death losses and matured endowments, in 

process of adjustment, .... 49,900 00 

Claims resisted by the company, . . . 5,625 00 

Total policy claims, 56,525 00 



128 



LIFE INSURANCE COMPANIES [Dec. 31, 



All other liabilities : reserve for indemnity contracts of life 
policies, , $10,000 00 



Liabilities as to policy-holders, in Life Department, $2,591,030 00 
Liabilities as to policy-holders in Accident Department, 274,988 52 



Gross liabilities, .... 
Surplus as regards policy-holders, . 



$2,866,018 52 



.,187,140 72 



Exhibit of Policies. 

Policies and Additions in force December 31, 1875. 

Number. Amount. 

Whole-life policies, 8,501 $16,253,172 00 

Endowment policies, 1,927 2,689,992 00 

All other policies, 



New Policies Issued in 1876. 



Whole-life policies, . 
Endowment policies, 
All other policies, . 



Old Policies Revived during the year. 

Whole-life policies, 

Endowment policies, 

Old Policies increased during the year. 
Whole-life policies, 



83 


225,950 00 


6. 

. 2,060 

. 336 

26 


3,621,851 00 

390,445 00 

49,300 00 


year. 

24 
5 


34,000 00 
3,800 00 



1,000 00 



Total number and amount, 



. 12,962 $23,269,510 00 



Policies ceased to be in force during the year. 



Terminated by death, 

by maturity, . 

by expiry, . 

by surrender, 

by lapse, 

by change and decrease, 
Not taken, 

Total terminated, 



93 


$178,504 00 


, 2 


4,000 00 


19 


79,000 00 


31 


44,959 00 


1,228 


2,317,400 00 


367 


863,570 00 


389 


635,686 00 



. 2,129 $4,123,119 00 



Policies in force December 31, 1876. 

Whole-life policies, 8,846 $16,414,138 00 

Endowment policies, ...... 1,918 2,583,503 00 

All other policies, . . . . . . .69 148,750 00 



Totals, 



.10,833 $19,146,391 00 



1876.] 



OF OTHER STATES. 



129 



Schedule A. 

Stocks and Bonds owned by the 



United States bonds, 
Indianapolis city bonds, . 
Topeka city bonds, .... 
Oswego city bonds, .... 
Milwaukee and St. Paul R. R. bonds, 
Keokuk and Des Moines R. R. bonds, 
New York, Prov. and Boston R. R. bonds, 
Lake Shore and M. Southern R. R. bonds, 
Detroit, Monroe and Toledo R. R. bonds, 
300 shares N. Y., N. H. and Hartford R. R., 
100 " Amer. Exch. Nat'l Bank, N. Y., 
160 " Merchants 1 Nat'l Bank, N. Y., 
100 " Metropolitan Nat'l Bank, N. Y., 
100 " Mercantile Nat'l Bank, Hartford, 
200 " Thames Nat'l Bank, Norwich, 
188 " Phoenix Nat'l Bank, Hartford, 
260 " Hartford Nat'l Bank, Hartford, 

80 " Farmers and Mechanics' Nat' 

Bank, Hartford, . 
350 " American Nat'l Bank, Hartford, 

50 " First Nat'l Bank, Hartford, . 
100 " National Bank of the Common 

wealth, .... 
100 " First Nat'l Bank, . 
956 " Railway Pass. Assur. Co., 
200 " Conn. Trust and Safe Deposit Co., 

50 " Security Co., 



Company. 

Cost value. 

$11,675 00 

7,766 66 

15,231 39 

10,639 72 

9,462 50 

4,095 00 

9,597 22 

1,000 00 

21,432 17 

45,265 25 

11,413 00 

11,156 25 

13,612 50 

10,200 00 

24,600 00 

29,068 00 

40,946 00 

10,385 00 

23,324 50 

5,024 88 

11,212 75 
12,700 00 
93,789 50 
20,400 00 
5,000 00 



Market value. 

$11,700 00 

9,500 00 
15,000 00 
10,400 00 
10,500 00 

7,390 00 
10,000 00 

1,045 00 
21,500 00 
46,500 00 
10,500 00 

7,680 00 
12,500 00 
12,600 00 
26,600 00 
30,080 00 
40,040 00 

10,240 00 

25,200 00 

5,000 00 

11,700 00 
12,700 00 
95,600 00 
17,000 00 
4,700 00 



$458,997 29 $465,675 00 



UNION MUTUAL LIFE INSURANCE COMPANY, AUGUSTA, ME. 

[Incorporated July 17, 1848. Commenced business October 1, 1849.] 

John E. DeWitt, President. Sec'y and. Actuary, David L. Gallup. 

Daniel Sharp, Vice-President. 

Principal Office, Boston. 

Attorney to accept service, John E. De Witt, Boston, 

Income. 

Total premium income, $1,616,775 00 

Cash received for interest on stocks, bonds and loans, . 463,742 91 
for interest on other debts due the company, 16,416 35 
17 



130 LIFE INSURANCE COMPANIES [Dec. 31, 

Cash received for rents of company's property, . . . $2,208 85 
for profits on bonds, stocks or gold sold, . 2,804 74 



Total income, . • $2,101,947 85 

Net or ledger assets, December 31, 1875, . . . . . 8,502,793 55 



Total, $10,604,741 40 



DlSBUKSEMENTS. 

Cash paid for losses and additions, $473,671 40 

Premium notes or loans used in payment of same, . . 31,604 32 

Cash paid for matured endowments and additions, . . 37,929 66 

Premium notes or loans used in payment of same, . . 12,874 34 



Gross amount paid for losses and endowments, . . $556,079 72 

Cash paid to annuitants, ....... 7,666 66 

for surrendered policies, 272,879 44 

Premium notes or loans used in purchase of surrendered 

policies and voided by lapse, ...... 425,246 09 

Cash dividends paid policy-holders, applied in payment of 

premiums, . 126,557 60 

Premium notes or loans used in payment of dividends, . 164,667 00 



Total paid policy-holders, . . . $1,553,096 51 

Cash paid for commissions and expenses of agents, . . 388,860 51 

for medical examiners 1 fees, .... 15,757 69 

for salaries of officers and office employes, . . 72,300 83 

for taxes and fees, . . . . . . 20,253 12 

for advertising, 12,341 67 

for agency and incidental expenses, . . . 144,894 63 



Total disbursements, . $2,207,504 96 



Balance, $8,397,236 44 

Invested in the following : — 

Assets as per Ledger Accounts. 



Cost value of real estate, 

Loans on mortgage of real estate (first liens), . 

on collateral security (schedule A), . 

on company's policies assigned as collateral, 
Premium notes or loans on policies in force, 
Cost value of stocks and bonds owned (schedule B), 
Cash in company's office, 

Cash deposited in bank, 

Bills receivable, . . . . . 



$556,899 30 

5,210,353 95 

24,551 44 

2,900 00 

1,881,566 24 

570,225 00 

1,009 22 

117,879 40 

15,439 63 



1876.] OF OTHER STATES. 131 

Agents' ledger balances, $14,851 71 

Accrued interest on bonds purchased, 1,560 55 



Ledger assets (as per balance), $8,397,236 44 

Deduct depreciation from cost of assets, . . . 536,387 49 



Total net or ledger assets, $7,860,848 95 



Other Assets. 

Interest due and accrued, 172,643 87 

Uncollected premiums on policies in force, . $97,498 87 
Deferred premiums on policies in force, . 23,042 20 



Total $120,541 07 

Deduct loading' (20 per cent.), . '. . 24,108 21 

Net am't of uncollected and deferred prem's, 96,432 86 



Total assets per company's books, . . . $8,129,925 68 



Items not Admitted. 

Agents' balances, $14,851 71 

Bills receivable, 15,439 63 

Total, 30,291 34 



Total admitted assets, $8,099,634 34 



Liabilities. 

Computed premium reserve or net present value of all 

outstanding policies (Actuaries' 4 per cent.), . . .$7,729,78100 
Death losses and matured endowments in process of ad- 
justment, 205,800 00 

Unpaid dividends of surplus due policy-holders, . . . 30,000 00 

Contingent liability on lapsed policies, .... 14,804 00 

Premiums paid in advance, . 17,683 88 



Liabilities as to policy-holders, . . . . $7,998,068 88 

Surplus as regards policy-holders, .... 101,565 46 



Gross liabilities, $8,099,634 34 



Premium Note Account. 

Premium notes on hand, Dec. 31, 1875, . $2,208,536 83 
or loans received during 1876, 712,095 59 
Total,. $2,920,632 42 



132 



LIFE INSURANCE COMPANIES [Dec. 31, 

$44,478 66 



Used in payment of losses and claims, 

of surrendered policies and 

voided by lapse, . 
of dividends to policy-hold- 
ers, 

Redeemed by maker in cash, 

Total, ........ 

Balance note assets, December 31, 1876, 



425,246 09 

164,667 00 
404,674 43 



- $1,039,066 18 
. $1,881,566 24 



Exhibit of Policies. 
Policies and Additions in force December 31, 1875. 

Number. Amount. 

Whole-life policies, 14,832 $35,301,903 00 

Endowment policies, 6,667 10,172,872 00 

All other policies, . . . .• . . 623 1,265,600 00 

New Policies Issued in 1876. 

Whole-life policies, 

Endowment policies, 

All other policies, 

Old Policies Revived during the year. 

Whole-life policies, 

Endowment policies, ..... 

Old Policies increased during the year. 

Whole-life policies, 

Endowment policies, 

Total number and amount, .... 26,899 $55,006,720 00 
Policies ceased to be in force during the year. 



. 4,226 


7,510,835 00 


. 525 


671,855 00 


2 


20,400 00 


year. 




13 


37,250 00 


11 


14,271 00 


e year. 




. 


10,000 00 


. 


1,734 00 



Terminated by death, .... 


. 293 


$670,416 00 


by maturity, . 


45 


66,804 00 


by expiry, .... 


92 


202,000 00 


by surrender, 


. 1,027 


2,256,255 00 


by lapse, .... 


. 3,737 


7,737,728 00 


by change and decrease, 


. 


663,538 00 


Not taken, 


. 1,261 


2,430,775 00 



Total terminated, 



. 6,455 $14,027,516 00 



Policies in force December 31, 1876. 

Whole-life policies, ........ 13,886 $31,338,629 00 

Endowment policies, 6,031 8,576,575 00 

All other policies, ....... 527 1,064,000 00 



Totals, 



20,444 $40,979,204 00 



1876.] 



OF OTHER STATES. 



133 



Schedule A. 
Securities held as Collateral. 





Par value. 


Amount loaned. 


5 shares Holyoke Water Co., 


. *$ 1,000 00 


$600 00 


5 " Boston Lead Co., . 


5,000 00 


2,500 00 


7 " Norway Plains Co., 


3,500 00 


2,000 00 


100 " Hartford Fire Ins. Co., 


10,000 00 


7,000 00 


51 " Third Ave. R. R. (N. Y. 


), . . 5,100 00^ 
3,000 00/ 


7,451 44 


Chicago C. & I. R. R. bonds, . 


Assignment of mortgage, 


10,700 00 


5,000 00 




$38,300 00 


$24,551 44 


Schedule B. 


• 


Stocks and Bonds owned by the Company. 






Cost value. 


Market value. 


Maine state bonds, . 


. $100,200 00 


$110,500 00 


United States bonds, 


. 232,062 50 


231,350 00 


Richmond (Va.) city bonds, . 


10,250 00 


11,400 00 


Providence (R. I.) city bonds, 


25,315 00 


27,000 00 


Bangor (Me.) city bonds, 


. 106,625 00 


106,625 00 


Lewiston (Me.) city bonds, . 


20,775 00 


20,600 00 


Portland (Me.) city bonds, 


52,375 00 


52,000 00 


New York city bonds, 


10,750 00 


10,750 00 




$558,352 50 


$570,225 00 



UNITED STATES LIFE INSURANCE COMPANY, NEW YORK. 

[Incorporated February, 1850. Commenced business March, 1850.] 

Paid-up Capital, $250,000. 

James Buell, President. Secretary, Chas. P. Fraleigh. 

Principal Office, 261 Broadway. 

Attorney to accept service, Walbridge A. Field, Boston. 

Income. 

Total premium income, $853,219 90 

Cash received for interest on stocks, bonds and loans, . . 284,754 49 

Total income, . . $1,137,974 39 

Net or ledger assets, December 31, 1875, .... 4,452,244 34 

Total, $5,590,218 73 

Disbursements. 

Cash paid for losses and additions, $270,031 64 

for matured endowments and additions, . . 12,698 96 

Gross amount paid for losses and endowments, . . $282,730 60 

* Market value. 



134 



LIFE INSUKANCE COMPANIES [Dec. 31, 



Received for losses and claims on policies re-insured, in- 
cluding matured endowments, . . . . . . 



$10,000 00 



Net amount paid for losses and endowments, . . $272,730 60 

Cash paid for surrendered policies, 243,977 99 

for additions to policies, ...... 85,475 78 

Cash dividends paid policy-holders, applied in payment of 

. premiums, 100,411 70 



Total paid policy-holders, ... $702,596 07 

Cash paid for dividends to stockholders, 

for commissions to agents, .... 
for salaries and travelling expenses of agents, 
for medical examiners' fees, . 
for salaries of officers and office employes, . 

for taxes and fees, 

for rent, 

for advertising, . . . . 
for office and incidental expenses, 



Total disbursements, 



25,066 69 
114,190 39 

1,751 05 
12,244 39 
36,543 44 

3,132 07 
12,121 37 
23,644 76 
57,099 77 



Balance, 



$988,390 00 
$4,601,828 73 



Invested in the following : — 

Assets as, per Ledger Accounts. 

Cost value of real estate, 

Loans on mortgage of real estate (first liens), 
on collateral security (schedule A), . 
Premium notes or loans on policies in force, . 
Cost value of stocks and bonds owned (schedule B), 

Cash in company's office, 

Cash deposited in bank, ...... 

Bills receivable, 

Agents' ledger balances, . . 



Ledger assets (as per balance) , 



,724 92 

2,660,938 19 

41,500 00 

155,470 66 

1,484,014 22 

431 16 

191,223 76 

8,143 94 

13,381 88 

^4,601,828 73 



Other Assets. 

Interest due and accrued, 57,325 55 

Market value of stocks and bonds, over cost, . . . 67,149 66 
Uncollected premiums on policies in force, . $25,488 00 
Deferred premiums on policies in force, . 97,703 76 

Total, . . ... . . $123,191 76 

Deduct loading (10 per cent.), . . . 12,319 18 

Net am't of uncollected and deferred prem's, 110,872 58 

Total assets per company's books, .... $4,837,176 52 



1876.] 



OF OTHEK STATES. 
Items not Admitted. 



Agents 1 balances, . 
Bills receivable, 
Total, 

Total admitted assets, 



$13,381 88 
8,143 94 



135 



$21,525 82 
1,815,650 70 



Liabilities as to policy-holders, 
Surplus as regards policy-holders, 

Gross liabilities, 



,173,476 00 
55,200 00 



LIABILITIES. 

Computed premium reserve or net present 
value of all outstanding policies (Actua- 
ries' 4 per cent.), . 

Deduct net value of re-insured risks, 
Net re-insurance reserve, . 

Death losses and matured endowments in process of adjust 
ment, . . . . 

Premiums paid in advance, 

Reserve on lapsed policies, 

Sundry liabilities, .... 



$4,118,276 00 

123,990 00 

6,368 00 

18,794 00 

7,841 66 

$4,275,269 66 
540,381 04 

$4,815,650 70 



Exhibit of Policies. 
Policies and Additions in force December 31, 1875. 

Number. Amount. 

Whole-life policies, 8,543 $17,562,833 00 

Endowment policies, 1,971 4,082,117 00 

All other policies, 178 735,700 00 



New Policies Issued in 1876. 



Whole-life policies, . 
Endowment policies, 
All other policies, . 



Old Policies Revived during the year. 

Whole-life policies, , 

Endowment policies, ..... 

Old Policies increased during the year. 

Whole-life policies, 

Endowment policies, 



1,538 


3,418,535 00 


552 


756,477 00 


6 


17,000 00 


year. 
43 


87,400 00 


16 


23,000 00 


year. 




36 


72,160 00 


4 


33,000 00 



Total number and amount, 



. 12,887 $26,788,222 00 



136 



LIFE INSURANCE COMPANIES [Dec. 31, 



Policies ceased to be in force during the year. 



Terminated by death, 

by maturity, 

by expiry, . 

by surrender, 

by lapse, 

by change and decrease, 
Not taken, 

Total terminated, 



139 

6 

2 

348 

1,469 

36 

584 



$261,860 00 

12,290 00 

7,000 00 

923,340 00 

3,315,670 00 

200,600 00 

1,231,800 00 



2,584 $5,952,560 00 



Policies in force December 31, 1876. 

Whole-life policies, 8,323 

Endowment policies, 1,847 

All other policies, 133 



,853,218 00 

3,416,944 00 

565,500 00 



Totals, 10,303 $20,835,662 00 



Schedule A. 
Securities held as Collateral. 

Market value. 

United States bonds, . . . . . $11,737 50 
Dime Savings Bank (Chicago), . . . 3,000 00 

Assignment of mortgage, . . . . 50,000 00 



Amount loaned. 

$10,000 00 

1,500 00 

30,000 00 



,737 50 $41,500 00 



Schedule B. 
Stocks and Bonds owned by the Company. 

Cost value. Market value. 

United States bonds, $161,264 63 $154,828 88 

New York city bonds 518,651 67 554,037 50 

Brooklyn city bonds, 204,370 43 227,110 00 

Chicago city bonds 50,000 00 50,000 00 

South Norwalk (Conn.) water bonds, . . 100,000 00 105,000 00 

Buffalo city bonds, 140,000 00 143,400 00 

Erie county bonds, 25,000 00 27,500 00 

Jersey City bonds, 104,000 00 108,200 00 

District of Columbia bonds, .... 105,132 49 105,937 50 

Kings county bonds 56,562 50 56,650 00 

East Chester town bonds, .... 16,470 00 16,000 00 

Richmond county bonds, .... 2,562 50 2,500 00 



,484,014 22 $l|551,163 88 



1876.] 



OF OTHER STATES. 



137 



VERMONT LIFE INSURANCE COMPANY, BURLINGTON, VT. 

[Incorporated October 28, 1868. Commenced business January 1, 1869.] 

Paid-up Capital, $100,000. 

James R. Hosmer, President. Secretary, Warren Gibbs. 

Vice-President, Russell S. Taft. 

Principal Office, Burlington. 

Attorney to accept service, C. W. Carter, Quincy. 

Income. 

Total premium income, $24,551 83 

Cash received for interest on stocks, bonds and loans, . . 9,379 21 
for debts due the company, .... 100 00 

Total income, $34,031 04 

Net or ledger assets, December 31, 1875, .... 167,279 44 

Total, $201,310 48 



Disbursements. 
Cash paid for losses and additions, .... 
Received for losses and claims on policies re-insured, . 

Net amount paid for losses and endowments, 
Cash paid for surrendered policies, .... 
Cash surrender values, including re-converted additions 

applied in payment of premiums, .... 
Cash dividends paid policy-holders, applied in payment of 

premiums, 

Total paid policy-holders, . . . $8,531 76 

Cash paid for dividends to stockholders, 

for commission to agents, .... 
for salaries and travelling expenses of agents, 
for medical examiners' fees, .... 
for salaries of officers and office employes, . 

for taxes and fees, 

for rent, 

for furniture and office fixtures, 

for advertising, ...... 

for other items, 

Total disbursements, 

Balance, 



$11,000 


00 


5,000 


00 


$6,000 00 


47 


28 


39 


34 


2,445 


14 



6,000 00 

1,593 25 

2,457 57 

271 50 

6,392 87 

282 82 

784 90 

61 25 

432 29 

731 00 

$27,539 21 



$173,771 27 



18 



138 



LIFE INSURANCE COMPANIES [Dec. 31, 



Invested in the following : — 

Assets as per Ledger Accounts 
Loans on mortgage of real estate (first liens), 

on collateral security (schedule A), . 

on company's policies assigned as collateral, 
Premium notes or loans on policies in force, . 
Cost value of stocks and bonds owned (schedule B), 

Cash in company's office, 

Cash deposited in bank, ...... 

Bills receivable, . . •","'. 



Ledger assets (as per balance) , 
Deduct depreciation from cost of assets, 

Total net or ledger assets, 



$103,117 50 

19,000 00 

100 00 

8,543 21 

24,452 50 

3,146 43 

14,108 72 

1,302 91 



$173,771 27 
692 50 

$173,078 77 



Other Assets. 

Interest due and accrued, 1,604 50 

Uncollected premiums on policies in force, . $6,791 85 

Deferred premiums on policies in force, . 2,700 48 

Total, . . . . . '. . $9,492 33 

Deduct loading (15 per cent.), . . . 1,474 59 

Net am't of uncollected and deferred prem's, — 8,017 74 

Furniture and fixtures, 1,250 00 



Total assets per company's books, . 



. $183,951 01 



Items not Admitted. 



Furniture and fixtures, . 
Bills receivable, 
Total, 

Total admitted assets, 



51,250 00 
1,302 91 



2,552 91 



. $181,398 10 



Liabilities. 

Computed premium reserve or net present 
value of all outstanding policies (Actuaries' 
4 per cent.), 

Deduct net value of re-insured risks, 
Net re-insurance reserve, 

Death losses adjusted and not due, 

Liabilities as to policy-holders, 
Surplus as regards policy-holders, . 



$82,284 00 




720 00 






$81,564 00 
1,000 00 





$82,564 00 
98,834 10 



Gross liabilities, 



$181,398 10 



1876.] 



OF OTHER STATES. 



139 



Exhibit of Policies. 
Policies and Additions in force December 31, 1875. 

Number. Amount. 

Whole-life policies, .330 $676,226 00 

Endowment policies, ..... 
All other policies, 

New Policies Issued in 1876. 

Whole-life policies, . . . 
Endowment policies, . . . 

Old Policies Revived during the. year. 

Whole-life policies, ... 

Additions by dividends, 



124 


197,585 00 


30 


48,189 00 


67 


109,136 00 


34 


45,426 00 


year. 




1 


1,000 00 


— 


182 00 



Total number and amount, 



586 $1,077,744 00 



Policies ceased to be in force during the year. 

Terminated by death, 

by expiry, . 

•by surrender, . #. 

by lapse, 

by change and decrease, 
Not taken, 

Total terminated, 



Policies in force December 31, 1876. 



Whole-life policies, . 
Endowment policies, 
All other policies, . 



Totals, 515 



3 


$11,000 00 


3 


7,500 00 


18 


25,909 00 


41 


80,000 00 


- 


4,835 00 


6 


8,500 00 


71 


$137,744 00 


[876. 
350 


$686,531 00 


138 


213,615 00 


27 


39,854 00 


515 


$940,000 00 



Schedule A. 
Securities held as Collateral. 

Market value. Amount loaned. 



United States 5-20 bonds, 


$2,180 00 


$2,000 00 


« 


" 10-40 bonds, 


660 00\ 




36 shares Merchants' Nat'l Bank, . 


1,720 00 I 


5,000 00 


30 " 


Howard Natl Bank, 


3,000 00 J 




50 " 


u u ct 


5,000 00 


5,000 00 


10 " 


National Car Co., . 


700 00 


500 00 


70 " 

84 " 


U (« (( 

Burlington Gas Light .Co., 


4,900 00^ 
2,100 00/ 


6,500 00 



,260 00 $19,000 00 



140 LIFE INSURANCE COMPANIES [Dec. 31, 

Schedule B. 
Stocks and Bonds owned by the Company. 

Burlington (Vt.) city bonds, . 
116 shares Merchants 1 Nat'l Bank, . 

25 " Howard Nat'l Bank, 

82 " Burlington Gas Light Co., 
United States bonds, 

$2.4,452 50 $23,760 00 



Cost value. 


Market value. 


$8,700 00 


$8,700 00 


5,568 00 


5,220 00 


2,700 00 


2,500 00 


2,050 00 


2,050 00 


5,434 50 


5,290 00 



WASHINGTON LIFE INSURANCE COMPANY, NEW YORK. 

[Incorporated January, 1860. Commenced business February 2, I860.] 

Paid-up Capital, $125,000. 

Cyrus Cuetiss, President. Secretary, William Haxtun. 

Vice-President and Actuary, Wm. A. Brewer, Jr. 

Principal Office, 155 Broadway, New York. 

Attorney to accept service, Charles W. Holden, Boston. 

Income. 

Total premium income, : . $854,811 93 

Cash received for interest on stocks, bonds and loans, . . 277,391 28 

as discount on claims paid in advance, . . 1,117 45 

for profits on bonds, stocks or gold sold, . 2,519 21 

Total income, $1,135,839 87 

Net or ledger assets, December 31, 1875, .... 4,515,892 06 

Total, $5,651,731 93 

Disbursements. 

Cash paid for losses and additions, $285,585 14 

for matured endowments and additions, . . 36,599 40 



Gross amount paid for losses and endowments, . . $322,184 54 

Cash paid to annuitants, . . 1,228 68 

for surrendered policies, ..... 92,429 92 
Cash dividends paid policy-holders, applied in payment of 

premiums, 174,743 00 



Total paid policy-holders, . . . $590,586 14 

Cash paid for dividends to stockholders, .... 9,776 67 

for commissions to agents, . . . . 48,577 81 

for salaries and travelling expenses of agents, . 17,373 36 

for medical examiners' fees, 5,991 00 



1876.] 



OF OTHER STATES. 



141 



Cash paid for salaries of officers and office employes, . 

for taxes and fees, 

for rent, 

for commuting commissions, . 

for advertising, 

for office and incidental expenses, . 

Total disbursements, ...... 

Balance, 

Invested in the following : — 

Assets as per Ledger Accounts. 

Cost value of real estate, 

Loans on mortgage of real estate (first liens), 

on company's policies assigned as collateral, 
Cost value of stocks and bonds owned (schedule A), 

Cash in company's office, 

Cash deposited in bank, 

Agents' ledger balances, 

Ledger assets (as per balance) , 

Other Assets. 

Interest due and accrued, 

Market value of stocks and bonds, over cost, 
Uncollected premiums on policies in force, . 
Deferred premiums on policies in force, 



$47,681 07 

7,166 19 

7,500 00 

7,066 07 

11,252 94= 

27,256 48 



,227 73 



$4,871,504 20 



$159,284 80 

2,334,252 79 

19,109 46 

2,198,610 05 

5,253 35 

111,400 83 

43,592 92 

$4,871,504 20 



53,071 26 
160,489 95 



Total, 

Deduct loading (20 per cent.), 

Net am't of uncollected and deferred prem's, 

Total assets per company's books, . 

Items not Admitted. 



$97,721 09 
127,816 34 

$225,537 43 
45,107 48 



Agents' balances, 

Total admitted assets, ! 

Liabilities. 
Computed premium reserve or net present value of all out- 
standing policies (Actuaries' 4 per cent.), . 
Death losses due and unpaid, .... $5,211 07 

Death losses and matured endowments in 

process of adjustment, .... 38,095 75 

Total policy claims, . . . . ■ 

Unpaid dividends of surplus due stockholders, 



180,429 95 
>,265,495 36 



43,592 92 



),221,902 44 



f4,637,391 00 



43,306 82 
346 50 



142 LIFE INSURANCE COMPANIES. [Dec. 31/76. 



Due for salaries, rent and office expenses, 
Premiums paid in advance, 

Liabilities as to policy-holders, 
Surplus as regards policy-holders, . 

Gross liabilities, .... 



13,000 00 
2,388 51 



• $4,686,432 83 
. 535,469 61 

$5,221,902 44 



Exhibit of Policies. 
Policies and Additions in force December 31, 1875. 

Number. Amount. 

Whole-life policies, ... . . . . 8,772 $20,231,427 00 

Endowment policies, 2,369 4,418,900 00 



New Policies Issued in 1876. 



Whole-life policies; . 
Endowment policies, 



Old Policies Bevived during the year. 

Whole-life policies, . . ... . 

Endowment policies, . ■ . 



. 1,029 


1,999,460 00 


. 236 


400,320 00 


year. 




. 141 


401,955 00 


27 


64,500 00 



Total number and amount, 



. 12,574 $27,516,562 00 



Policies ceased to be in force during the year. 

Terminated by death, 98 - $262,555 00 

by maturity, 
by surrender, 
by lapse, 



Not taken, 



13 


34,600 00 


463 


1,378,000 00 


844 


1,820,785 00 


. 257 


473,795 00 



Total terminated, 



. 1,675 $3,969,735 00 



Policies in force December 31, 1876, 



Whole-life policies, . 
Endowment policies, 



. 8,575 $19,435,157 00 
. 2,324 4,111,670 00 



Totals, . • . . 10,899 $23,546,827 00 

Schedule A. 

Stocks and Bonds owned by the Company. 

Cost value. Market value. 

. $559,920 00 $581,400 00 

. 101,268 75 100,000 00 

. 1,135,367 29 1,260,700 00 

. 391,998 63 406,000 00 

10,055 38 11,000 00 



United States registered bonds, 
New York state registered bonds, . 
New York city registered bonds, . 
Brooklyn city registered bonds, 
Kingston town bonds, 



^2,198,610 05 $2,359,100 00 



ACCIDENT INSUBANCE COMPANIES 

OF OTHER STATES. 



Detailed Statements of Assets and Liabilities, with Abstract 

of Annual Statements, for the Year ending 

December 31, 1876. 



144 ACCIDENT INSURANCE COS. [Dec. 31, 



DETAILED STATEMENTS OF ASSETS AND LIABILITIES. 



RAILWAY PASSENGERS' ASSURANCE COMPANY OF HART- 
FORD, CONN. 

[Incorporated May, 1865. Commenced business February, 1866.] 

Paid-up Capital, $300,000. 

James G. Batterson, President. Secretary, Chas. E. Willard. 

Rodney Dennis, Vice-President. 

. Principal Office, Hartford. 

Attorney to accept service, Charles G. C. Plummer, Boston. 

Income. 

Total premium income, $100,369 44 

Cash received for interest on stocks, bonds and loans, . . 31,475 49 
from all other sources, 417 01 

Total income, $132,261 94 

Net or ledger assets, December 31, 1875, .... 463,903 55 

Total, $596,165 49 



Disbursements. 

Cash paid for losses and additions, . . . . . $23,330 36 

for dividends to stockholders, .... 27,000 00 

for commissions to agents, 30,107 34 

for travelling and loss expenses, .... 4,392 28 

for salaries of officers and office employes, . . 17,283 61 

for taxes and fees, 5,843 56 

for rent, 1,000 00 

for advertising, 3,737 32 

for office and incidental expenses, . . . 8,133 12 

Total disbursements, $120,827 59 

Balance, $475,337 90 



1876.] 



OF OTHER STATES. 



145 



Invested in the following : — 

Assets as per Ledger Accounts. 

Loans on mortgage of real estate (first liens), . . . $86,000 00 

Cost value of stocks and bonds owned (schedule A), . . 355,965 11 

Cash in company's office, 393 01 

Cash deposited in bank, 32,979 78 



Ledger assets (as per balance), 

Other Assets. 

Market value of stocks and bonds, over Cost, 

Total assets per company's books, . 



. $475,337 90 



198 51 



. $475,536 41 



Liabilities. 

Premium reserve on account of accident risks outstanding 

December 31, 1876 (estimated), $15,000 00 

Death losses and matured endowments in 

process of adjustment, .... $12,000 00 

Claims resisted by the company, . . . 8,000 00 

Total policy claims, ..... 20,000 00 



Liabilities as to policy-holders, 
Surplus as regards policy-holders, . 



. $35,000 00 
. 440,536 41 



Gross liabilities, 



$475,536 41 



Schedule A. 

Stocks and Bonds owned by the Company. 

Cost value. Market value. 

United States bonds, $67,682 19 $73,663 12 

Connecticut state bonds, 49,550 50 58,750 00 

Hartford city bonds, 9,746 25 10,300 00 

Chicago city water loan, 9,800 00 9,700 00 

So. Minnesota R. R. bonds, .... 9,234 66 7,000 00 

No. Missouri R. R. bonds, .... 8,362 50 9,850 00 

Milwaukee and St. Paul R. R. bonds, . . 9,312 50 10,400 00 

Lake Shore R. R. bonds, 1,000 00 1,030 00 

Dub. and Sioux City R. R. bonds, . . . 9,600 00 10,600 00 

Hart., Prov. and Fishkill R. R. bonds, . . 4,970 14 5,250 00 

Shoe and Leather Nat'l Bank, N. Y., . . 7,560 67 8,910 00 

American Exchange Natl Bank, N. Y., . . 11,414 00 10,500 00 

Merchants' Nat'l Bank, N. Y., ... 11,125 00 7,680 00 

Fourth Nat'l Bank, N. Y 10,312 50 9,600 00 

City Nat'l Bank, Hartford, .... 20,716 75 18,600 00 

Hartford Trust Co. stock, .... 12,056 20 10,283 00 

Connecticut Trust Co. stock, .... 15,000 00 12,000 00 

L. S. and Mich. So. R. R. stock, . . . 32,537 00 24,097 50 
19 



146 



ACCIDENT INSURANCE COS. [Dec. 31. 



N. Y. Cent, and H. R. R. R. stock, . 
N. Y., N. H. and H'tf'd R. R. stock, 
C, R. I and P. R. R. stock, . 



$10,075 00 
34,799 00 
11,110 25 



$10,062 50 
37,687 50 
10,200 00 



$355,965 11 $356,163 62 



TRAVELERS' INSURANCE COMPANY (ACCIDENT DEPART- 
MENT), HARTFORD, CONN. 

[Incorporated June 17, 1863. Commenced business April, 1864.] 

Paid-up Capital, $600,000. 

James G. Batterson, President. Secretary, Rodney Dennis. 

Gustavus F. Davis, Vice-President. Actuary, George Ellis. 

Principal Office, Hartford. 
Attorney to accept service, Charles G. C. Plummer, Boston. 



Income. 



Total premium income, 

Cash received for interest on stocks, bonds and loans, . 
as discount on claims paid in advance, . 
for rents of company's property, 
for profits on bonds, stocks or gold sold, 



Total income, 

Net or ledger assets, December 31, 1875, 



Total, 



$676,294. 00 

75,564 90 

60 22 

98 50 

2,304 11 

$754,321 73 
1,087,720 96 

51,842,042 69 



Disbursements. 

Cash paid for losses and additions, 

for dividends to stockholders, 

for commissions to agents, 

for salaries and travelling expenses of agents, 

for salaries of officers and office employes, . 

for taxes and fees, .... 

for rent, 

for furniture and office fixtures, 
for advertising, .... 
for agency and incidental expenses, 

Total disbursements, , • . 

Balance, . 



$277,093 42 

72,000 00 

140,768 53 

91,739 74 

40,162 07 

8,092 15 

19,141 23 

393 10 

26,489 14 

68,852 35 

$744,731 73 

.,097,310 96 



1876.] 



OF OTHER STATES. 



147 



Invested in the following : — 

Assets as per Ledger Accounts 

Cost value of real estate, . . . . 

Loans on mortgage of real estate (first liens), 

Cost value of stocks and bonds owned (schedule A), 

Cash in company's office, . . , ... 

Cash deposited in bank, . 

Agents' ledger balances, 



Ledger assets (as per balance), 



$14,448 56 
209,800 00 
814,492 33 

1,045 05 
56,462 79 

1,062 23 

$1,097,310 96 



Other .Assets. 

Interest due and accrued, 

Market value of stocks and bonds, over cost, 

Total assets per company's books, . 



8,520 46 
35,783 67 

,141,615 09 



Items not Admitted. 



Agents' balances, 



Total assets of Accident Department, 
Total assets of Life Department, 

Gross assets, ..'... 



1,062 23 



$1,140,552 86 
. 2,912,606 38 

$4,053,159 24 



Liabilities. 

Premium reserve on account of accident risks outstanding 
December 31, 1876 (estimated), $191,188 52 

Death losses due and unpaid, .... $5,000 00 

Death losses and matured endowments in 

process of adjustment, .... 44,800 00 

Claims resisted by the company, . . . 29,000 00 

Total policy claims, . . . . 78,800 00 

Due for salaries, rent and office expenses, .... 5,000 00 

Liabilities as to policy-holders in Accident Department, $274,988 52 



Exhibit of Policies. 

Number. Amount. 

Accident policies in force December 31, 1875, . 29,774 $90,736,550 00 

New policies issued in 1876, 39,613 110,950,972 00 



Total, 



69,387 $201,687,522 00 



148 



ACCIDENT INSURANCE COS. [Dec. 31,76. 



Policies ceased to be in force during the year. 

Terminated by death, 62 $183,500 00 

by^xpiry, 35,016 104,511,822 00 



Total terminated, 



. 35,078 $104,695,322 00 



Policies in force December 31, 1876, 



. 34,309 $96,992,200 00 



Schedule A. 
Stocks and Bonds owned by the 



United States bonds, 

Connecticut state bonds, 

Tennessee state bonds, 

Virginia state bonds, 

Elizabeth City bonds, 

Chicago water loan bonds, 

Mich. So. and No. Indiana R. R. bonds, . 

Indianapolis and Cincinnati R. R. bonds, 

Chicago and No. Western R. R. bonds, . 

Hartford, Prov. and Fishkill R. R. bonds, 

200 shares N. Y., N. H. and H. R. R., . 

140 

100 

250 

200 

209 

250 



Lake Shore and Mich. So. R. R., 
N. Y. Cent, and Hudson R. R. R. 
American Nat'l Bank, Hartford, 
City Nat'l Bank, Hartford, . 
Phoenix Nat'l Bank, Hartford, 
Farmers and Mechanics 1 Nat'l B'k 
Hartford, .... 

100 " Mercantile Nat'l Bank, Hartford, 

300 " Hartford Nat'l Bank, Hartford, 
24 " Nat'l Exchange Bank, Hartford, 
65 " -Etna Nat'l Bank, Hartford, . 

100 " New Britain Nat'l Bank, 

150 " Fourth Nat'l Bank, N. Y., . 

100 " Nassau Nat'l Bank, N. Y., . 

125 " Hartford Trust Co., 

604 " Railway Passengers Assur. Co., 



Company. 

Cost value. 

$324,974 46 
45,289 66 
26,677 50 
14,582 00 
9,593 33 
19,200 00 
10,682 50 
12,090 00 
10,312 50 
14,396 78 
31,973 75 
11,552 09 
10,412 50 
13,782 50 
21,744 00 
27,126 25 

31,537 25 

9,982 00 

48,610 13 

1,575 01 

8,409 37 

11,500 00 

14,112 50 

11,000 00 

13,191 25 

60,185 00 



Market value. 

1357,670 00 
49,500 00 
13,120 00 
20,097 00 

9,600 00 
21,600 00 
10,300 00 
11,700 00 
10,600 00 
16,350 00 
31,000 00 

7,980 00 
10,300 00 
18,000 00 
18,600 00 
33,440 00 

32,000 00 
12,600 00 
46,200 00 
1,584 00 
8,385 00 
13,000 00 
15,000 00 
10,000 00 
11,250 00 
60,400 00 



$814,492 33 $850,276 00 



LIFE AND ACCIDENT 
INSURANCE COMPANIES 

OF OTHEE STATES 

Authorized to do Business in Massachusetts, with the Agents 
acting for the same, and the amount of business done 
by each Agent, for the Year ending October 
31, 1876, as returned to the tax commis- 
sioner, and by him compiled. 



150 



AGENTS OF LIFE INSURANCE [Oct. 31, 



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1876.] COMPANIES OF OTHER STATES. 



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154 



AGENTS OF LIFE INSURANCE [Oct. 31, 



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1876.] COMPANIES OF OTHER STATES. 



155 





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Bartlett, D. W., 
Guild, Wm. H., 
Holloway, G. E., 




Q 

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Calef, Benjamin S 
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156 



AGENTS OF LIFE INS. COS. [Oct. 31,76, 



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AGENTS AND SUB-AGENTS. 



158 



AGENTS AND SUB-AGENTS. 



LIST OF AGENTS AND SUB-AGENTS 



AUTHORIZED AT DATE OF PUBLICATION OF THIS REPORT, 



[Agents marked *.] 



iETNA, Hartford, Conn. 



*Dwight Chester, . 
Ivory S. Cornish, . 
S. C. Willis, 
C. T. Caulfield, . 
G. D. Richardson, 



Boston. 
New Bedford. 
N. Oxford. 
Boston. 
Springfield. 



P. C. Headley, . 
T. R. Vestal, 
George H. Briggs, 
E. Dearborn, 



Boston. 
Fall River. 

Amesbury. 
Lowell. 



CHARTER OAK, Hartford, Conn. 



*George Marks, . 
James Sherman, . 
Charles Greenwood, 
Andrew S. Briggs, 
J. Dwelley, . 
James F. Davis, . 
Thomas W. Fuller, 
William P. Hood, 
*C. C. Tracy, 
*E. C. Whittlesey, 
A. W. Selkirk, . 
James 0. Parker, 
J. G. Albro, . 
John Brown, 
Levi Cleaves, 
George P. Daniels, 
George C. Fenn, . 
Ira N. Goddard, . 



Haydenville. 

Boston, 

Boston. 

Taunton. 

W. Scituate. 

Barre. 

New Bedford. 

Somerset. 

Northampton. 

Worcester. 

Gt. Barrington. 

Methuen. 

N.Attleborough. 

Medford. 

Rockport. 

Salem. 

Ware. 

Millbury. 



Francis Norton, . 
B. A. Nourse, 
N. W. Preston, . 
S. S. Trefry, 
A. E. Mack, 
William S. Danforth, 
Frank Thatcher, . 
J. E. Porter, 
J. R. Perkins, 
W. A. Webster, . 
Elias L. Cardell, . 
William Abbott, . 
*G. B. Hilliard, . 
E. A. Hilliard, . 
Thos. H. Goodspeed, 
Geo. F. Mellen, . 
Chas. F. Smith, . 



CONNECTICUT GENERAL, Hartford Conn. 



*H. S. Bacon, 
*E, G. Field, 
*Isaac N. Wood, . 
* Alfred Laws, 



Milford. 
Amherst. 
Fall River, 
Brockton. 



*A. D. Haynes, . 
*James M. Cushman, 
*Edwin Ray, 



CONNECTICUT MUTUAL, Hartford, Conn. 



*Edwin Ray, 
Albert P. Sawyer, 
William Lincoln, . 
J. C. Chaffee, 
John S. Roraback, 
A. P. Newman, . 



Boston. 

Newburyport. 

Warren. 

Lee. 

Boston. 

Boston. 



Ladd Bros. & Co., 
*L. L. Barnard, . 
*Elisha Risley, . 
Jeremiah Kelley, . 
C. W. Chapman, . 
George S. Eddy, . 



Springfield. 

Westborough. 

E. Douglas. 

Marblehead. 

Lawrence. 

Plymouth. 

Hyanni^. 

N. Brookfield. 

Brockton. 

Westford. 

Lowell. 

Andover. 

Boston. 

Boston. 

Athol. 

Fall River. 

Worcester. 



Lawrence. 

Taunton. 

Boston. 



Springfield. 
Fall River. 
Springfield. 
Fall River. 
New Bedford. 
Fall River. 



AGENTS AND SUB-AGENTS. 



159 



Walter W. Hodges, 
Charles C. Noyes, 
S. A. Stacey & Son, 
J. C. Hammond, . 
Smith & Wheeler, 
H. W. Billings, . 



CONNECTICUT MUTUAL, Hartford, Conn.— Continued. 

. Pittsfield. 



Boston. 

Boston. 

Gloucester. 

Taunton. 

Worcester. 

Conway. 



William S. Danforth, . Plymouth. 



John C. Parker, . 
Julius F. Jiartwell, 
H. H. Wellington, 
Oliver Walker, 
Daniel W. Kilburn, 
Asa P. Rand, 



Springfield. 

Adams. 

Northampton. 

Boston. 

Westfield. 



*W. S. Chamberlain, 
C. B. Magee, 
John M. Turner, . 
Henry Allison, 



CONTINENTAL, Hartford, Conn. 

Boston. A. E. Mixer, . . Chester. 

Boston. Thos. C. Bidwell, . Springfield. 

Northampton. C. R. Cooper, . . Boston. 

Fitchburg. E. J. L'Herault, . . Fall River. 



EQUITABLE, New York. 



*Henry T. Blodgett, . Boston. 


* James Hurd, 


. Lowell. 


H. T. Blodgett, Jr 


., . Boston. 


W. A. S. Smythe, 


. Worcester. 


Luke C. Coe, 


. Boston. 


A. C. Palmer, 


. Boston. 


W. D. Thayer, 


. Boston. 


*CIarence A. Cook, 


. New Bedford. 


E. W. Manning, 


. Boston. 


*Flagg & Dowlin, 


. North Adams. 


Henry Brett, 


. Boston. 


*John M. Turner, 


. Northampton. 


Theo. Carstein, . 


. Boston. 


E. H. Hay ward, . 


. Ayer. 


G. A. Millay, 


. Southbridge. 







*F. Krause, 



GERMANIA, New York. 
Boston. | Ernest L. Bartholmes, . Springfield. 



*J. H. Nolan, 
Jacob Fox, . 



GLOBE MUTUAL, New York. 



Boston. 
Boston. 



Jones Frankle, 
Samuel C. Oliver, 



Haverhill. 
Boston. 



HARTFORD LIFE AND ANNUITY, Hartford, Conn 

*E. Fletcher, . . Boston. J. W. Woodruff, . . Auburndale 

Nathaniel Haley, . . Boston. E. W. Brigham, . . Waltham. 

James H. Greenwood, . Gardner. 



HOME, New York. 
*James M. Burgess, .......... Boston. 



*Henry Hale, 
J. B. Hanners, 



HOMCEOPATHIC MUTUAL, New York. 



Hyde Park. 
Walpole. 



Hollis K. Bennett, 
*Charles G. Stevens, 



Fitchburg. 
Clinton. 



KNICKERBOCKER, New York. 
*Francis A. Howard, . Boston. | *Wallace D. Williams, Boston. 



160 



AGENTS AND SUB-AGENTS. 



MANHATTAN, New York. 



*j. Mason Everett, 


. Boston. 


Augustine Burt, . 


Springfield. 


Arthur H. Jones, . 


. N. Adams. 


Henry B. Peirce, . 


Abington. 


H. Van Campen, 


. New Bedford. 


E. M. Bickford, . 


Sherborn. 


C. W. Holden, . 


. Boston. 








METROPOLITAN, New York. 




*W. D. Arnold, . 


. East Abington. 


*Marcus Kallman, 


Boston. 


*Alvah Harvey, . 


. N. Adams. 


1 






MUTUAL, 


New York. 




♦Amos D. Smith, 3d, 


. Boston. 


Francis Baker 


Boston. 


J. B. Bonnell, 


. Worcester. 


A. S. Briggs, 


Taunton. 


William R. Gordon, 


. Beverly. 


A. D. Miner, 


N. Adams. 


Geo. L. Woods, . 


• . Springfield. 


S. D. Howland, . 


Fall River. 


William P. Hood, 


. Somerset. 


William S. Greene, 


Fall River. 


Lawrence Grinnell, 


. New Bedford. 


J. A. Remington, 


Fall River. 


N. B. Perkins, 


. Salem. 


J. B. Anthony, 


Boston. 


R. B. Robinson, . 


. Westfield. 


James M. Colton, 


Boston. 


Frank E. Manley, 


. Lowell. 


B. D. Chase, 


Boston. 


E. W. Hunt, 


. Weymouth. 


Susan A. Harriman, . 


Boston. 


Franklin Whipple, 


. Worcester. 


Samuel D. Green, 


Chelsea. 


James Oliver, 


. Lynn. 


J. W. Allen, . 


Maplewood. 


Henry White, 


. Springfield. 


M. N. Wheelwright, . 


Newton. 


Gilford Morse, 


. Springfield. 


Reuben Nickerson, 


Orleans. 


Charles Hovey, . 


. Lowell. 


Chas. G. Stevens, . 


Clinton. 


F. L. Gilman, 


. New Bedford. 


Moses H. Pease, . 


Lee. 


R. W. Grinnell, . 


. New Bedford. 


Charles W. Tarbell, . 


Boston. 


John Glancy, 


. Boston. 








MUTUAL BENEF 


IT, Newark, N. J. 




*J. B. Niver, . 


. Boston. 


W. H. S. Jordan & Son, 


Boston. • 


John S. Winn, 


. Boston. 


James H. McFarland, . 


Boston. 


Edward A. Thomas, 


. Amherst. 


John T. Hall, 


Plymouth. 


George W. Allen, 


. Amherst. 


J. S. Tileston, 


Hingham. 


Joshua Merrill, 


. Lowell. 


Benjamin W. Russell, . 


Salem. 


Silsbee & Pxkford, 


. Lynn. 


Geo. F. Mellen, . 


Fall River. 




NATIONAL, 


MONTPELIER, VT. 




* James T. Phelps, 


. Boston. 


*S. A. Childs, 


Fitchburg. 


*E. S. Merrill, . 


. Winchendon. 


*Charles D. Tucker, . 


Worcester. 


*Aaron R. Morse, 


. Haydenville. 






NATIONAL OF THE U. 


S. A., Washington, D. 


C. 


*L. M. Miller, 


. Boston. 


William Barnes, . 


Marlborough. 


F. A. Harlow, 


. Middleborough. 


Thomas C. Kennedy, . 


East Boston. 


Amos Andrews, . 


. Holyoke. 


H. W. Bush, 


W. Brookfield 


Milo Stowell, 


. Hinsdale. 








NEW YORK 


, New York. 




*Stocking & Austin, 


. Boston. 


*John L. Graves, . 


Springfield. 


Fred. W. Masters, 


. Boston. 


* James Melanefy, 


Worcester. 


*Jarvis Rockwell, 


. N. Adams. 







AGENTS AND SUB-AGENTS. 



161 



NORTHWESTERN NATIONAL, Milwaukee, Wis. 



*E. J. Smith, 
Thomas E. Lambert, 
William P. Gannett, 
*L. H. Whitney, . 
Byron Stevens, 



Boston. 

Boston. 

Boston.- 

Cambridge. 

Lowell. 



J. W. Gniteau, 
L. E. Waterman, . 
John D. Church, . 
N. T. Houghton, . 



Boston. 
Boston. 
Lowell. 
Greenfield. 



Barnard Brothers, 



PENN MUTUAL, Philadelphia, Penn. 



Boston. 



PHCENIX MUTUAL, Hartford, Conn. 



♦William H. Guild, 
John K. Norwood,- 
Frank W. Wheeler, 
*G. E. Holloway, 



Boston. 
Lawrence. 
Lowell. 
Hartford. 



G. B. Buffington, . 
A. P. Newman, . 
*J. M. Stevenson, . 
Geo. D. Dutton, . 



Fall River. 
Boston. 
Pittsfield. 
Pittsfield, 



PROVIDENT LIFE AND TRUST, Philadelphia, Penn. 



♦Gilbert C. Hoag, . . Boston. 
Geo. G. Newhall, . . Boston. 



S. C. Tozzer, . . Lynn. 
Wm. H. Newhall, . Lynn. 



PROVIDENT SAVINGS LIFE ASSURANCE SOCIETY, New York. 



♦Stephen P. Wardwell, Boston. 
Roderick Burt, . . Springfield. 
Edward Burnham, . Cambridgeport. 



George Otis, . 
George Kempton, 



Yarmouth port. 
New Bedford. 



RAILWAY PASSENGERS', Hartford, Conn. 



*C. G. C. Plummer, . Boston. 


A. L. Sessions, 


. Northampton 


C. 11. At wood, 


. Boston. 


Albert D. Swan, . 


. Lawrence. 


George Angier, 


. Boston. 


J. W. Gay, Jr., . 


. Winchendon. 


B. Smith, 


. Boston. 


W. A. Tilton, 


. Ashland. 


T. E. Bond, . 


. Boston. 


G. A. Millay, 


. Southbridge. 


C. A. Faxon, 


. Boston. 


J. F. dwell, 


. Worcester. 


Foss & Hall, 


. Boston. 


W. A. Edwards, . 


. Boston. 


James Mills, 


. Boston. 


J. W. Richardson, 


. Boston. 


Edwin Mercer, 


. Boston. 


Henry Hale, . 


. Boston. 


L. H. Palmer, 


. Boston. 


T. P. Doolittle, . 


. Springfield. 


E. A. Danielson, 


. Boston. 


Henry A. Brown, 


. Salem. 


Walter Clapp, Jr., 


. Boston. 


H. C. Church, 


. Lowell. 


James S. Smith, 


• Boston. 


CM. Ruggles, 


. Worcester. 


Stearns Bros., 


. Boston. 


J. Barnard, . 


. Worcester. 


A. P. Jones, . 


. Boston. 


R. C. Clark, . 


. Sandwich. 


George M. Robert 


s, . Boston. 


H. G. Gilmore, 


. Springfield. 


W. M . Loring, 


. Boston. 


Ladd Bros. & Co., 


. Springfield. 


H. G. Foulkes, 


. Boston. 


Clarence A. Cook, 


. New Bedford 


James A. Farley, 


. Boston. 


Enoch H. Beer, . 


. N. Adams. 


F. H. Smith, 


. Boston. 


E. B. Sears, . 


. Amherst. 


Rob't Rand, . 


. Boston. 


Charles H. Davis, 


. Lawrence. 


Chas E. Fish, 


. Palmer. 


William Barnes, . 


. Marlborough. 


Aug. Coolidge, 


. Worcester. 


A. C. Munroe, 


. Worcester. 


Albert Hyde, 


. Pittsfield. 


Andrew S. Briggs, 


. Taunton. 


Charles B. Dennis 


, . Fitchburg. 


M. M. Howard, . 


. Greenfield. 



21 



162 



AGENTS AND SUB-AGENTS. 



RAILWAY PASSENGERS', Hartford, Conn.— Continued. 



F. A. Judd, . 

E. J. Crossman, . 
S. L. Batch elder, . 
A. A. Davis, 

H. A. Goodenough, 
Walter Raymond, 
A. A. Smith, 
J. H. Stannard, 
R. B. Robinson, 
Daniel F. Viles, 
H. S. Harris, 

A. Van Deusen, 
H. A. Bowen, 

B. A. Hathaway, 
John T. Hall, 

G. S. Brooks, 
Hatch & Co., 
H. Van Campen, 

F. L. Gilman, 
John K. Norwood, 
Daniel Hooke, 



Springfield. 

Lowell. 

Salem. 

Lynn. 

Northampton. 

Boston. 

Boston. 

Lawrence. 

Westfield. 

Waltham. 

Taunton. 

Stockbridge. 

Shelburne Falls. 

Plymouth. 

Plymouth. 

Orange. 

New Bedford. 

New Bedford. 

New Bedford. 

Lawrence. 

Haverhill. 



W. H. Mansfield, . 
Daniel Upton, 
W. W. Kidder, . 
A. K. Slade, Jr., . 
M. E. Hervey, 
J. W. Fairbanks, . 
H. W. Goodrich, . 
Jas. T. Phelps, . 
J. E. Wood, . 
C. C. Judd, . 
William F. Johnson, 
A. T. Caswell, 
E. L. Cogswell, . 
W. W. Ward, 
J. H. Daniels, 
S. D. Howland, . 
Edwaixl E. Belding, 
Hunt Brothers, 
W. S. Rodisnon, . 
Lewis J. Powers, . 



Gt. Barrington. 

S. Adams. 

Brockton. 

Fall River. 

Boston. 

Westborough. 

Boston. 

Boston. 

Winchendon. 

Holyoke. 

Lynn. 

Lowell. 

Lee. 

Holyoke. 

Fitchburg. 

Fall River. 

Chicopee. 

Athol. 

Northampton. 

Springfield. 



TRAVELERS', Hartford, Conn. 



*C. G. C. Plummer, 
H. C. Church, 
Wm. Lincoln & Co., 
R. B. Robinson, . 
J. C. Hammond, . 
H. J. Dunham, . 
E. V. B. Holcomb, 
Samuel Porter, 
Henry B. Peirce, . 
Benjamin F. Brown, 
S. D. Webster, . 
Hunt Brothers, 
Porter Underwood, 
H. Van Campen, . 
Franklin Whipple, 
Waldo Johnson, . 
Edwin Mercer, 
James 0. Parker, 
H. M. Puffer, 
J. H. Sta.nnard, . 
R. D. Chase, 
F. L. Gilman, 
Samuel E. Howe, 
John M. Turner, . 
Daniel S. Whitney, 
S. D. Howland, . 
Chapin & Williams, 
E. F. Adams, 
K. E. Farwell, . 
Daniel F. Viles, . 
D. L. Mitchell, . 
Leander Holbrook, 



Boston. 

Lowell. 

Warren. 

Westfield. 

Taunton. 

Stockbridge. 

Cliicopee Falls. 

Beverly. 

Abington. 

Boston. 

Lawrence. 

Athol. 

Holyoke. 

New Bedford. 

Worcester. 

Webster. 

Boston. 

Methuen. 

Shelburne Falls. 

Lawrence. 

Orange. 

New Bedford. 

Pittsfield. 

Northampton. 

Southborough. 

Fall River. 

Greenfield. 

Haverhill. 

Natick. 

Waltham. 

Taunton. 

Milford. 



H. G. Gilmore, . 
J. A. Remington, . 
G. A. Millay, 
Noah A. Poole, . 
George Otis, . 
Chas. G. Stevens & Son, 
Geo. E. Underwood, . 
N. S. Kimball, . 
Andrew S. Briggs, 
Thomas C. Collins, 
Daggett & Richardson, 
A. C. Munroe, 
Royal E. Farwell, 
Augustus Cooledge, 
Charles B. Dennis, 
John Edwards, 
H. L. Follansbee, 
Silsbee & Pickford, 
Oliver Walker, 
William Barnes, 
Henry A. Brown, 
E. M. Phillips, 
G. A. Christie, 
Piper & Sawyer, 
E. P. Parsons, 
J. T. Tarr & Co., 
Walden & Miller, 
Albert B. Root, 
H. W. Bush, . 
W. W. Kidder, 
Stevenson & Dutton, 



Springfield. 

Fall River. 

Southbridge. 

Abington. 

Yarmouthport. 

Clinton. 

Ayer. 

Haverhill. 

Taunton. 

Middleborough. 

Attleborough. 

Worcester. 

Natick. 

Worcester. 

Fitchburg. 

Lawrence. 

Gloucester. 

Lynn. 

Northampton. 

Marlborough. 

Salem. 

Southbridge. 

Northampton. 

Newburyport. 

Lynn. 

Rockport. 

N. Adams. 

Pittsfield. 

W. Brookfield. 

Brockton. 

Pittsfield. 



AGENTS AND SUB-AGENTS. 



163 



UNION MUTUAL, Augusta, Me. 



*John E. DeWitt, 


. Boston. 


G. H. Merriam, . 


. Woburn. 


D. L. Gallup, 


. Boston. 


C. H. Pierce, 


. Northampton 


Daniel Walker, . 


. Boston. 


W. H. C. Bubier, . 


. Boston. 


N. B. Chadsey, . 


. Boston. 


Myron C. Davis, . 


. Worcester. 


J. G. Clarke, 


. Boston. 


Robert Lloyd, 


. Boston. 


Louis W. Burnham, 


. Boston. 


W. R. Nutting, . 


. Worcester. 


J. L. Johnson, 


. Springfield. 


J. M. Shepard, Jr., 


& 


0. L. Cowles, 


. Westfield. 


Co., . 




E. B. Lloyd, 


. Russell. 


Leverett Clarke, . 


. Boston. 


H. H. Coraey, 


. Boston. 


Robert H. Patton, 


. Chelsea. 


E. H. C. Hooper, . 


. Boston. 







UNITED STATES, New York. 



James W. Briggs, 
S. D. Driver, 
O. A. Taft, . 
*George B. Perry, 
Dempster Moore, . 



Boston. 
Lowell. 
Worcester. 
N. Adams. 
Boston. 



*B. S. Calef, . 
George Hamer, 
E. P. Parsons, 
Chace & Slade, 
H. S. Fay, . 



Boston. 
N. Adams. 
Lynn. 
Fall River. 
Marlborough. 



*C. W. Carter, 
A. W. Haynes, 



VERMONT, Burlington, Vt. 



Boston. 
Still River. 



G. H. Estabrook, 
Bailey Sargent, 



Worcester. 
Merrimac. 



*Charles W. Holden, 
*R. H. Salter, 



WASHINGTON, New York. 
Reed & Brother, 



Boston. 
Boston. 



G. F. Mellen & Co., 



Boston. 
Fall River. 



INDEX TO COMPANIES. 



[For Index to G-eneral Topics and Tables, see Table of Contents prefacing the Commis- 
sioner's Report.] 



Page 

JMtaa Life, Hartford, Conn., 28 

American Popular Life, New York, N. Y., vii 

Atlantic Mutual Life, Albany, N. Y., vi 

Berkshire Life, Pittsfield, Mass., 2 

Charter Oak Life, Hartford, Conn., ..35 

Connecticut General Life, Hartford, Conn., ........ 39 

Connecticut Mutual Life, Hartford, Conn., 43 

Continental Life, Hartford, Conn., 48 

Continental Life, New York, N. Y v 

Equitable Life, New York, N. Y., 52 

Germania Life, New York, N. Y., 56 

Globe Mutual Life, New York, N. Y., 59 

Hartford Life and Annuity, Hartford, Conn., . 63 

Hartford Accident, Hartford, Conn., v 

Home Life, Brooklyn, N. Y., 67 

Homoeopathic Mutual Life, New York, N. Y., 71 

John Hancock Mutual Life, Boston, Mass., . . . ., . . . . 6 

Knickerbocker Life, New York, N. Y., 74 

Life Association of America, St. Louis, Mo., vi 

Manhattan Life, New York, N. Y., . . . . . . . . . 79 

Massachusetts Hospital Life, Boston, Mass., 10 

Massachusetts Mutual Life, Springfield, Mass., 12 

Metropolitan Life, New York, N. Y., 83 

Mutual Life, New York, N. Y , 87 

Mutual Benefit Life, Newark, N. J., 90 



166 INDEX TO COMPANIES. 

Page 

National Life, Montpelier, Vt., ' 94 

National Life, Washington D. C, . . . , 98 

New England Mutual Life, Boston, Mass., . . . . . . . . 16 

New Jersey Mutual Life, Newark, N. J., . . vi 

New York Life, New York, N. Y., ■ . . . .102 

Northwestern Mutual Life, Milwaukee, Wis., . . . . . . . 106 

Penn Mutual Life, Philadelphia, Penn., 110 

Phoenix Mutual Life, Hartford, Conn., 115 

Provident Life and Trust, Philadelphia, Penn., 119 

Provident Savings, New York, N. Y., .123 

Railway Passengers', Hartford, Conn., . . . . . . . . . 144 

Security Life, New York, N. Y., vi 

State Mutual Life, Worcester, Mass., 21 

Travelers', Hartford, Conn. (Life Department), 126 

Travelers', Hartford, Conn. (Accident Department), 146 

Union Mutual Life, Augusta, Me., 129 

United States Life, New York, N. Y., 133 

Universal Life, New York, N. Y., vii 

Vermont Life, Burlington, Vt., . . 137 

Washington Life, New York, N. Y., 140